This compound is primarily utilized as a catalyst in various organic synthesis reactions, particularly in cross-coupling reactions where it facilitates the formation of carbon-carbon bonds. Its unique structure, featuring dicyclohexylphosphonium groups, enhances its stability and efficiency in catalytic processes. Additionally, it is employed in the development of advanced materials, such as ionic liquids, due to its ability to form stable ionic complexes. The compound also finds applications in the field of coordination chemistry, where it acts as a ligand to stabilize metal centers in complex reactions. Its robust nature and versatility make it a valuable component in both academic research and industrial chemical processes.