Used as a ligand in various catalytic processes, particularly in cross-coupling reactions like Suzuki-Miyaura and Heck reactions, where it enhances the efficiency of palladium-catalyzed transformations.

Applied in organic synthesis for the preparation of complex molecules, including pharmaceuticals and fine chemicals, due to its ability to stabilize metal catalysts and improve reaction selectivity.

Employed in the development of advanced materials, such as organic light-emitting diodes (OLEDs), where it acts as a key component in the synthesis of phosphorescent emitters.

Also utilized in research for studying coordination chemistry and designing novel catalytic systems for industrial applications.