This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring both ferrocene and phosphine groups, makes it highly effective in inducing chirality in various organic transformations. It is commonly employed in hydrogenation reactions, where it helps produce enantiomerically pure compounds, which are crucial in the synthesis of pharmaceuticals and fine chemicals. Additionally, it finds application in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, where it enhances selectivity and yield. Its stability and versatility make it a valuable tool in organic synthesis, especially in the production of complex molecules with specific stereochemical requirements.