This chemical is widely used as a catalyst in organic synthesis, particularly in cross-coupling reactions such as the Heck, Suzuki, and Stille reactions. These reactions are essential for forming carbon-carbon bonds, which are fundamental in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and efficiency in catalytic processes make it a valuable tool in the development of complex organic molecules. Additionally, it is employed in the synthesis of fine chemicals and polymers, contributing to innovations in material science and industrial chemistry.