Used as a ligand in transition metal catalysis, particularly in cross-coupling reactions such as Suzuki-Miyaura and Heck reactions, enhancing efficiency and selectivity. 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 applications in asymmetric catalysis, contributing to the production of enantiomerically pure compounds.