This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and bulky phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation, cross-coupling, and other carbon-carbon bond-forming reactions, where it helps produce chiral molecules with high optical purity. Its applications are particularly significant in the pharmaceutical industry, where it aids in the synthesis of enantiomerically pure drugs and intermediates. Additionally, it is used in academic research to develop and optimize new catalytic processes for organic synthesis.