This compound is widely used in asymmetric synthesis and catalysis due to its chiral ferrocene backbone. It serves as a key intermediate in the production of chiral ligands, which are essential in enantioselective reactions, particularly in hydrogenation and cross-coupling processes. Its application extends to the development of pharmaceuticals, where it aids in creating optically active compounds with high stereochemical purity. Additionally, it is employed in materials science for designing chiral polymers and advanced functional materials. Its unique structure also makes it valuable in organometallic chemistry research, contributing to the study of electron transfer and redox properties.