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 facilitating challenging chemical transformations. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig couplings, where it improves reaction efficiency and selectivity. Additionally, its stability and robustness make it suitable for use in harsh reaction conditions, including high temperatures and strong bases. The compound is also explored in the development of new pharmaceuticals and fine chemicals, where precise control over reaction pathways is crucial.