Earthquakes are serious risks to human life and infrastructure. An earthquake's influence on human life and its socioeconomic consequences highlight the need to investigate and create the most efficient and easily adaptable ways to minimize losses. The basic concept of different control mechanisms used for protecting structures from the destructive impacts of earthquakes is to dissipate the energy efficiently, therefore ensuring that the structure remains undamaged or sustains minimum damage. To achieve this purpose, the passive control mechanism is a particularly suitable and reliable technology as it doesn't rely on external power to actively dissipate energy. The present study proposes using a passive energy dissipation device called the Yielding Shear Panel Device (YSPD) for strengthening the current steel structures. The YSPD consists of a square hollow section (SHS) that houses a diaphragm plate. The fundamental concept of the YSPD involves harnessing the lateral deformation of a steel plate to absorb and disperse the seismic energy. The Bouc-Wen-Baber Noori (BWBN) material has been used for simulating the hysteresis force-deformation relationship of YSPDs by pinching. YSPDs are simulated as spring components that connect between the beam and the V-brace. A nonlinear time history dynamic analysis was performed to assess the alteration in the structural capacity with the setting up of YSPDs. The performance of the tested structure was assessed considering story drift, story displacement, story shear, column shear, and YSPD hysteresis loops. The results indicated that YSPD installation has improved the structure's capacity. However, the use of dampers resulted in significant drift in all stories, a reduction in total floor displacement, and a decrease in the shear force of the stories. However, the results demonstrated that the YSPD dampers effectively absorbed energy and exhibited stable hysteresis loops.