Used as a ligand in transition metal-catalyzed coupling reactions, particularly in palladium-catalyzed cross-coupling processes such as Suzuki-Miyaura and Heck reactions. Its phosphine group coordinates effectively with palladium, enhancing catalytic activity and stability. The rigid structure and steric bulk contribute to improved selectivity and yield in asymmetric synthesis. Commonly employed in the development of pharmaceuticals and fine chemicals where precise stereochemical control is required. Also utilized in the design of homogeneous catalysts for industrial applications due to its tunable electronic properties.