This chemical is widely used as a catalyst in various organic synthesis reactions, particularly in cross-coupling reactions such as the Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, making it essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and efficiency in catalytic processes make it a preferred choice for complex organic transformations. Additionally, it is employed in the synthesis of fine chemicals and polymers, contributing to the development of high-performance materials. Its application extends to research and industrial settings, where it plays a crucial role in streamlining synthetic pathways and improving reaction yields.