Used as a ligand in coordination chemistry, particularly in the design of catalysts for polymerization reactions. Its structure allows for strong binding to transition metals, enhancing catalytic activity and selectivity. Commonly employed in olefin polymerization, where it helps control the molecular weight and branching of polymers. Also utilized in research for developing new organometallic complexes with tailored reactivity. The steric and electronic properties of this compound make it suitable for stabilizing reactive metal centers in homogeneous catalysis.