This chemical is primarily utilized in catalytic processes, particularly in organic synthesis. It serves as a highly effective catalyst for various coupling reactions, such as the Heck reaction, which is widely used to form carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its unique structure, involving palladium and phosphinito ligands, enhances its stability and reactivity, making it suitable for complex transformations under mild conditions. Its application extends to materials science, where it aids in the development of advanced polymers and coatings.