This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. It is particularly effective in facilitating enantioselective transformations, such as hydrogenation and carbon-carbon bond-forming reactions, which are crucial in the production of pharmaceuticals and fine chemicals. Its ferrocene backbone provides stability and unique electronic properties, enhancing its performance in catalytic systems. Additionally, it is employed in the development of advanced materials, including chiral polymers and sensors, due to its ability to induce chirality and interact selectively with other molecules. Its applications extend to research in organic chemistry, where it is used to study and optimize catalytic processes for industrial and academic purposes.