Used as a highly efficient catalyst in cross-coupling reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is especially effective in Suzuki-Miyaura and Buchwald-Hartwig amination reactions, enabling the synthesis of complex organic molecules such as pharmaceuticals, agrochemicals, and functional materials. Its structure enhances stability and reactivity, allowing for lower catalyst loadings and improved yields under mild conditions. Widely employed in research and industrial settings for scalable and sustainable synthesis processes.