This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand in transition metal-catalyzed reactions, particularly in the synthesis of enantiomerically pure compounds. Its ferrocene backbone provides stability and unique electronic properties, making it effective in facilitating stereoselective transformations. It is often employed in cross-coupling reactions, hydrogenations, and other processes where precise control over stereochemistry is crucial. Additionally, its structural features make it a valuable component in the development of novel catalysts for pharmaceutical and fine chemical industries.