This chemical is primarily used as a highly efficient catalyst in various organic synthesis reactions, particularly in cross-coupling processes such as Suzuki-Miyaura, Heck, and Buchwald-Hartwig reactions. Its robust structure and stability make it suitable for catalyzing the formation of carbon-carbon and carbon-heteroatom bonds under mild conditions. It is also employed in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and fine chemicals, due to its ability to facilitate challenging transformations with high selectivity and yield. Additionally, its use in industrial applications is growing, especially in the production of advanced materials and polymers.