This chemical is widely used as a ligand in transition metal catalysis, particularly in cross-coupling reactions such as Suzuki-Miyaura and Heck reactions. Its ability to stabilize metal complexes enhances catalytic efficiency and selectivity in organic synthesis. Additionally, it is employed in the development of phosphorescent materials for organic light-emitting diodes (OLEDs) due to its electron-rich structure, which facilitates energy transfer processes. It also finds applications in the synthesis of coordination polymers and metal-organic frameworks (MOFs) for gas storage and separation technologies.