Used as a highly efficient catalyst in cross-coupling reactions, particularly in Suzuki-Miyaura and Heck reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Exhibits excellent thermal stability and high catalytic activity at low loadings, making it suitable for reactions involving sterically hindered substrates. Its robust structure allows for good functional group tolerance and improved yields in the preparation of complex organic molecules. Commonly applied in industrial and academic research settings for the development of fine chemicals and active pharmaceutical ingredients.