This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring ferrocene and phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation reactions, where it helps produce chiral molecules with high optical purity. Additionally, it is used in carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation, to create complex chiral intermediates for pharmaceuticals and fine chemicals. Its stability and efficiency make it a valuable tool in synthetic organic chemistry for producing enantiomerically pure compounds.