This chemical is primarily used 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 asymmetric hydrogenation reactions, where it helps produce chiral molecules with high optical purity. This is especially valuable in the pharmaceutical industry for synthesizing enantiomerically pure drugs. Additionally, it finds application in the production of fine chemicals and agrochemicals, where precise stereocontrol is essential. Its stability and robustness under reaction conditions make it a preferred choice for complex catalytic processes.