This chemical is primarily utilized as a ligand in transition metal-catalyzed reactions, particularly in cross-coupling processes such as Suzuki-Miyaura and Buchwald-Hartwig reactions. Its bulky and electron-rich structure enhances the stability and reactivity of the metal catalyst, facilitating the formation of carbon-carbon and carbon-nitrogen bonds in complex organic synthesis. It is especially valuable in pharmaceutical and agrochemical industries for producing active ingredients and intermediates with high selectivity and efficiency. Additionally, its application extends to material science, where it aids in the development of advanced polymers and fine chemicals.