This chemical is primarily used as a ligand in coordination chemistry and catalysis. It forms stable complexes with transition metals, making it valuable in catalytic processes such as hydrogenation, hydroformylation, and cross-coupling reactions. Its unique structure, featuring phosphine groups, enhances the efficiency and selectivity of these reactions. Additionally, it is employed in the development of advanced materials and organometallic compounds, contributing to research in pharmaceuticals, agrochemicals, and fine chemical synthesis. Its role in stabilizing metal centers also makes it useful in studying reaction mechanisms and designing novel catalysts.