Used as a catalyst in organic synthesis, particularly in cross-coupling reactions for forming carbon-carbon bonds. It facilitates reactions such as Kumada and Suzuki couplings, enabling the efficient construction of complex organic molecules used in pharmaceuticals and materials science. The ligand structure enhances stability and reactivity, making it suitable for transformations under mild conditions. Also employed in research for developing nickel-catalyzed processes as a more economical alternative to palladium-based catalysts.