This compound is primarily used as a ligand in transition metal catalysis, particularly in palladium-catalyzed cross-coupling reactions. Its sterically demanding and electron-rich properties make it highly effective in facilitating challenging transformations, such as the formation of carbon-carbon and carbon-heteroatom bonds. It is often employed in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, due to its ability to enhance reaction efficiency and selectivity. Additionally, it is utilized in the development of new catalytic systems for industrial applications, where high precision and yield are critical.