This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and allylic substitution reactions. Its unique structure, combining ferrocene and phosphine groups, provides excellent steric and electronic control, leading to high enantiomeric excess in the synthesis of chiral molecules. This makes it valuable in the pharmaceutical industry for producing enantiomerically pure drugs and intermediates. Additionally, it is utilized in academic research to develop new catalytic methodologies and explore asymmetric synthesis pathways.