This chemical is primarily utilized as a ligand in catalytic processes, particularly in transition metal catalysis. Its unique structure, featuring adamantyl groups, enhances steric bulk and electron-donating properties, making it effective in stabilizing metal complexes. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, where it improves catalytic efficiency and selectivity. Additionally, its robust framework contributes to the development of advanced materials and organometallic compounds used in organic synthesis and industrial applications.