Used as a catalyst in cross-coupling reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is effective in reactions such as Suzuki-Miyaura and Buchwald-Hartwig aminations, where it facilitates the coupling of aryl halides with nucleophiles under mild conditions. Its ligand structure enhances stability and reactivity, making it suitable for synthesizing complex organic molecules in pharmaceuticals, agrochemicals, and advanced materials. Often employed in low catalyst loadings, it offers high turnover numbers and selectivity, especially with sterically hindered or electron-rich substrates.