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 widely applied in the synthesis of pharmaceuticals and fine chemicals, where precise control over stereochemistry is crucial. For example, it is employed in asymmetric hydrogenation reactions to produce chiral intermediates for drug development. Additionally, its stability and selectivity make it suitable for use in industrial processes, enhancing the efficiency and sustainability of chemical manufacturing.