This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective hydrogenation, where it helps produce chiral molecules with high selectivity, essential in the synthesis of pharmaceuticals and fine chemicals. Its ferrocenyl backbone and bulky phosphine groups enhance steric and electronic control, making it effective in achieving high enantiomeric excess in products. Additionally, it is employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to form carbon-carbon bonds with precise stereochemistry. Its stability and versatility make it a valuable tool in organic synthesis for constructing complex chiral structures.