This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are essential in the pharmaceutical industry for producing drugs with high stereoselectivity. It is often employed in hydrogenation, cross-coupling, and allylic substitution reactions, where it enhances the efficiency and selectivity of the catalytic process. Its ferrocene backbone and bulky tert-butyl groups contribute to its stability and ability to induce high enantioselectivity in complex organic transformations. Additionally, it is utilized in academic and industrial research for developing new catalytic methodologies and optimizing synthetic routes for chiral molecules.