Used as a catalyst in organic synthesis, particularly in coupling reactions such as Suzuki, Heck, and Sonogashira reactions, enabling the formation of carbon-carbon bonds. It is also employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals due to its high efficiency and selectivity. The complex serves as a versatile palladium source in homogeneous catalysis, often providing good yields under mild reaction conditions. Its stability and reactivity make it suitable for use in research and industrial applications involving transition metal-catalyzed transformations.