Used as a catalyst in organic synthesis, particularly in reactions involving the formation of carbon-carbon bonds. It is effective in promoting coupling reactions, such as the Ullmann reaction, where it facilitates the joining of aryl halides. Additionally, it serves as a precursor in the preparation of other copper-containing compounds, which are utilized in various industrial processes. Its role in the synthesis of complex organic molecules makes it valuable in pharmaceutical and fine chemical manufacturing. The compound is also employed in research and development for exploring new catalytic pathways and material science applications.