This chemical is primarily used as a ligand in organometallic chemistry and catalysis. It forms stable complexes with transition metals, enhancing their catalytic activity in various reactions, such as hydrogenation, cross-coupling, and polymerization processes. Its sterically bulky and electron-rich nature makes it particularly effective in stabilizing metal centers and improving selectivity in catalytic transformations. Additionally, it is employed in the synthesis of fine chemicals and pharmaceuticals, where precise control over reaction pathways is crucial. Its robust structure also contributes to its use in developing advanced materials and coordination polymers.