This chemical is primarily used as a catalyst in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura and Buchwald-Hartwig reactions. Its unique structure, incorporating a palladium center and phosphine ligands, enhances its efficiency in forming carbon-carbon and carbon-nitrogen bonds. This makes it valuable in the pharmaceutical industry for synthesizing complex molecules, including active pharmaceutical ingredients (APIs). Additionally, it is employed in materials science for the development of organic electronic materials and polymers. Its stability and selectivity under mild reaction conditions make it a preferred choice for researchers and industrial chemists aiming for high yields and minimal by-products.