This chemical is primarily used as a ligand in transition metal-catalyzed reactions, particularly in cross-coupling processes. Its bulky and electron-rich structure makes it highly effective in facilitating challenging transformations, such as the coupling of sterically hindered substrates. It is often employed in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, where high selectivity and efficiency are required. Additionally, its stability under reaction conditions allows for its use in both academic research and industrial applications, contributing to advancements in synthetic organic chemistry.