This chemical is primarily used as a catalyst in various organic synthesis reactions, particularly in cross-coupling reactions such as Suzuki-Miyaura and Heck couplings. Its effectiveness stems from the palladium center, which facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its stability and reactivity under mild conditions make it a preferred choice in industrial and academic research settings for complex molecule construction. The tert-butyl and cyclohexyl groups enhance its steric and electronic properties, improving selectivity and efficiency in catalytic processes.