This chemical is primarily used as a ligand in coordination chemistry and catalysis. It plays a significant role in facilitating various transition metal-catalyzed reactions, such as cross-coupling reactions, which are essential in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its unique structure allows it to stabilize metal centers and enhance the efficiency of catalytic processes. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) due to its ability to influence the electronic properties of the materials used. Its application in these areas contributes to advancements in organic synthesis and material science.