Used as a highly efficient catalyst in cross-coupling reactions like Suzuki-Miyaura and Heck reactions. As a racemic complex, it is suitable for the synthesis of racemic or achiral compounds in pharmaceuticals and fine chemicals. Also applied in the synthesis of complex organic molecules, including natural products, where robust performance under mild conditions is required. It is a preferred choice in industrial and academic research for developing advanced materials and drugs, particularly where asymmetric induction is not needed.