This chemical is primarily used as a highly efficient catalyst in various cross-coupling reactions, particularly in organic synthesis. It plays a crucial role in facilitating the formation of carbon-carbon and carbon-heteroatom bonds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application is particularly notable in Buchwald-Hartwig amination reactions, where it enables the coupling of aryl halides with amines, leading to the synthesis of complex organic molecules. Additionally, its stability and selectivity make it a preferred choice in the development of novel compounds in medicinal chemistry and material science.