This chemical is primarily used as a ligand in transition metal catalysis, particularly in palladium-catalyzed cross-coupling reactions. It enhances the efficiency and selectivity of processes like Suzuki-Miyaura, Buchwald-Hartwig, and Negishi couplings, which are essential in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its bulky structure stabilizes the active catalytic species, enabling reactions to proceed under milder conditions with higher yields. Additionally, it is employed in the development of fine chemicals and complex organic molecules, contributing to advancements in drug discovery and industrial chemistry.