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. Its structure provides enhanced stability and reactivity, making it suitable for coupling aryl halides, including less reactive substrates like aryl chlorides. Widely applied in the preparation of complex organic molecules, especially in fine chemical industries where high selectivity and yield are required. Also employed in research laboratories for developing new catalytic processes and optimizing reaction conditions under mild temperatures.