Used extensively in cross-coupling reactions, particularly in the synthesis of complex organic molecules. It is highly effective in facilitating C-C, C-N, and C-O bond formations, making it a valuable tool in pharmaceutical and agrochemical research. Its robust performance under mild conditions and compatibility with a wide range of substrates enhance its utility in creating biologically active compounds. Additionally, it is employed in material science for the development of advanced polymers and functional materials. The catalyst’s stability and efficiency contribute to its widespread adoption in both academic and industrial settings.