This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a critical role in enantioselective hydrogenation, where it helps produce chiral molecules with high selectivity, essential in pharmaceutical synthesis. Its application extends to carbon-carbon bond-forming reactions, such as cross-coupling and allylic substitution, enabling the production of complex organic compounds with precise stereochemistry. The ferrocene backbone and phosphine groups provide stability and efficiency, making it a valuable tool in the development of chiral drugs and fine chemicals.