Used primarily as a ligand in transition metal catalysis, it facilitates various organic transformations, including cross-coupling reactions and hydrogenation processes. Its role in stabilizing metal complexes enhances catalytic efficiency and selectivity in synthetic chemistry. Additionally, it is employed in the development of advanced materials and coordination polymers due to its ability to form stable metal-organic frameworks. Its application extends to asymmetric synthesis, where it aids in producing chiral compounds with high enantiomeric purity.