Used as a bidentate ligand in homogeneous catalysis, particularly in palladium- and nickel-catalyzed cross-coupling reactions. Its wide bite angle and electron-rich nature enhance catalytic activity and stability in reactions such as Suzuki, Heck, and Negishi couplings. Commonly applied in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals where high selectivity and efficiency are required. Also employed in asymmetric catalysis when coordinated with chiral metal centers, enabling the production of enantiomerically pure compounds. Its solubility in nonpolar solvents makes it suitable for use in organic reaction media.