This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its application is significant in the synthesis of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for producing drugs with specific stereochemistry. The compound’s ferrocene backbone and phosphine groups make it highly effective in facilitating reactions such as hydrogenation, cross-coupling, and allylic substitution. Its chiral nature ensures high enantioselectivity, leading to the production of compounds with desired optical activity. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals where precise stereochemistry is essential for efficacy and safety.