Widely used as a catalyst in organic synthesis, particularly in cross-coupling reactions like Suzuki, Heck, and Sonogashira reactions, enabling the formation of carbon-carbon bonds. It is also employed in hydrogenation and oxidation processes due to its efficient catalytic properties. Additionally, it serves as a precursor for other palladium complexes used in various industrial and research applications. Its stability and reactivity make it a valuable tool in pharmaceutical and fine chemical manufacturing.