Used as a catalyst in cross-coupling reactions, particularly in the formation of carbon-carbon bonds. It is effective in reactions such as Kumada and Negishi couplings, where it facilitates the coupling of organozinc or organomagnesium compounds with aryl or vinyl halides. Its stability and selectivity make it suitable for use in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals. The ligand structure enhances catalytic activity by stabilizing the nickel center and promoting oxidative addition. Commonly employed in inert atmosphere reactions due to sensitivity to air and moisture.