Widely used as a ligand in palladium-catalyzed cross-coupling reactions, particularly in Suzuki-Miyaura and Buchwald-Hartwig aminations. Its electron-rich nature enhances catalyst stability and reactivity, especially with sterically hindered or electron-deficient substrates. Commonly employed in the synthesis of pharmaceuticals, agrochemicals, and organic electronic materials due to its ability to facilitate C–C and C–N bond formations under mild conditions. Shows good solubility in common organic solvents, which supports homogeneous catalysis and improves reaction efficiency. Often chosen for applications requiring high selectivity and functional group tolerance.