This chemical is widely used in cross-coupling reactions, particularly in the synthesis of complex organic molecules. It serves as a highly efficient catalyst in the formation of carbon-carbon and carbon-heteroatom bonds, making it invaluable in pharmaceutical research and development. Its application extends to the production of fine chemicals, agrochemicals, and advanced materials. The catalyst’s stability and activity under mild conditions enable its use in diverse reactions, including Suzuki-Miyaura, Heck, and Sonogashira couplings. It is also employed in the preparation of biologically active compounds, contributing to drug discovery and development processes. Its versatility and reliability make it a preferred choice in both academic and industrial settings.