Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective hydrogenation reactions. It is particularly effective in the synthesis of chiral pharmaceutical intermediates, where high enantiomeric excess is required. Its sterically bulky and electron-rich phosphine groups enhance catalytic activity and selectivity when paired with transition metals like rhodium or ruthenium. Common applications include the production of fine chemicals, agrochemicals, and active pharmaceutical ingredients where precise stereochemistry is critical. The ferrocene backbone provides structural rigidity and stability, supporting consistent performance under various reaction conditions.