Used as a highly efficient catalyst in cross-coupling reactions, particularly in forming carbon-carbon and carbon-heteroatom bonds under mild conditions. Its stability and strong electron-donating properties enhance catalytic activity in transformations such as C–N and C–O bond formations, making it valuable in pharmaceutical and fine chemical synthesis. Also applied in polymerization reactions where controlled molecular weight and narrow polydispersity are required. The complex’s robustness allows for reuse in some systems, improving process sustainability.