This compound is widely used in asymmetric synthesis, particularly as a chiral ligand in catalytic reactions. It plays a crucial role in enantioselective transformations, such as hydrogenation and carbon-carbon bond formation, enabling the production of optically active compounds. Its ferrocene backbone provides stability and unique steric properties, enhancing catalytic efficiency. Additionally, it is employed in the development of pharmaceuticals, agrochemicals, and fine chemicals, where high enantiomeric purity is essential. Its application extends to material science, where it contributes to the design of chiral materials with specific optical or electronic properties.