This chemical is primarily used as a catalyst in various organic synthesis reactions, particularly in cross-coupling reactions such as Suzuki-Miyaura and Heck reactions. Its unique structure, featuring a palladium center coordinated with phosphite and phosphine ligands, enhances its stability and reactivity under reaction conditions. It is especially effective in facilitating the formation of carbon-carbon bonds in complex organic molecules, making it valuable in pharmaceutical and fine chemical industries. Additionally, its robust nature allows it to perform well in challenging environments, such as high temperatures or in the presence of sensitive functional groups.