This chemical is primarily used as a highly efficient catalyst in cross-coupling reactions, particularly in the synthesis of complex organic molecules. 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 advanced materials. Its application is particularly notable in Buchwald-Hartwig amination reactions, where it enables the coupling of aryl halides with amines to form aryl amines, a key step in drug development. The catalyst's stability and selectivity make it valuable in industrial and academic research for creating structurally diverse and biologically active compounds.