This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective hydrogenation, where it helps produce chiral molecules with high selectivity, which is essential in the synthesis of pharmaceuticals and fine chemicals. Its application extends to carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation and cross-coupling reactions, where it ensures the formation of products with specific stereochemistry. The ferrocene backbone and bulky substituents provide steric and electronic control, making it highly effective in achieving high enantiomeric excess in various catalytic processes. Its use is particularly prominent in the production of chiral intermediates for drugs, agrochemicals, and other bioactive compounds.