This chemical is widely used as a highly efficient catalyst in various cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig reactions. Its application is particularly valuable in organic synthesis, where it facilitates the formation of carbon-carbon and carbon-nitrogen bonds, enabling the production of complex molecules like pharmaceuticals, agrochemicals, and advanced materials. The precatalyst is favored for its stability, ease of handling, and ability to operate under mild reaction conditions, reducing the need for harsh reagents or high temperatures. Additionally, it is employed in the synthesis of fine chemicals and polymers, contributing to the development of innovative products in industries such as electronics, coatings, and drug discovery. Its robust performance and versatility make it a key tool in modern catalytic chemistry.