This chemical is primarily used in organic synthesis as a highly efficient catalyst, particularly in cross-coupling reactions such as Suzuki-Miyaura and Buchwald-Hartwig reactions. Its application is crucial in the pharmaceutical industry for the synthesis of complex organic molecules, including active pharmaceutical ingredients (APIs). The compound’s stability and reactivity make it suitable for forming carbon-carbon and carbon-nitrogen bonds, enabling the production of diverse heterocyclic compounds. It is also employed in material science for the development of advanced polymers and organic electronic materials. Its use in these fields ensures high yield and selectivity, reducing the need for additional purification steps.