Used as a ligand in transition metal catalysis, particularly in cross-coupling reactions such as Suzuki-Miyaura and Heck reactions, where it enhances the efficiency and selectivity of the process. It is also employed in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, due to its ability to stabilize metal centers and facilitate challenging transformations. Additionally, it finds application in the development of advanced materials, such as polymers and coordination complexes, where its steric and electronic properties are leveraged to tailor material properties.