This chemical is widely used as a catalyst in various organic synthesis reactions, particularly in cross-coupling reactions such as Suzuki-Miyaura, Heck, and Sonogashira couplings. Its effectiveness stems from the stability and versatility provided by the ferrocene-based diphosphine ligand, which enhances the palladium center's catalytic activity. It is particularly valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. The acetone complex ensures ease of handling and solubility in organic solvents, making it suitable for use in homogeneous catalytic systems. Its application extends to the development of fine chemicals and polymers, where precise control over molecular structure is critical.