This chemical is widely used as a catalyst in various cross-coupling reactions, which are essential in the synthesis of pharmaceuticals, agrochemicals, and organic materials. It is particularly effective in Suzuki-Miyaura and Buchwald-Hartwig coupling reactions, enabling the formation of carbon-carbon and carbon-nitrogen bonds with high efficiency. Its stability and reactivity make it a preferred choice for complex organic transformations, especially in the production of fine chemicals and active pharmaceutical ingredients (APIs). Additionally, it is utilized in the development of advanced materials, such as polymers and electronic components, where precise molecular assembly is required. Its application extends to academic and industrial research, where it aids in the discovery and optimization of new chemical processes.