This compound is widely used in asymmetric synthesis and catalysis, particularly in the field of organic chemistry. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its application is crucial in the pharmaceutical industry for synthesizing chiral drugs, where the correct enantiomer is essential for efficacy and safety. Additionally, it is employed in the development of advanced materials and in research focused on understanding stereochemical processes. Its unique ferrocene structure provides stability and versatility, making it a valuable tool in various chemical transformations.