This chemical is primarily utilized in the field of organic synthesis, particularly as a ligand in transition metal catalysis. It plays a crucial role in facilitating various cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig couplings, which are essential for forming carbon-carbon and carbon-nitrogen bonds. Its unique structure, combining a carbazole moiety with a dicyclohexylphosphino group, enhances stability and reactivity in catalytic processes. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) due to its electron-transporting properties, contributing to improved efficiency and performance in electronic devices.