This chemical is primarily used as a ligand in transition metal catalysis, particularly in cross-coupling reactions. It facilitates the formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in organic synthesis for producing pharmaceuticals, agrochemicals, and fine chemicals. Its sterically demanding structure enhances selectivity and efficiency in catalytic processes, especially in palladium-catalyzed reactions like Suzuki-Miyaura and Buchwald-Hartwig couplings. Additionally, it is employed in the development of advanced materials and polymers, where precise control over molecular structure is critical. Its stability and electron-donating properties make it a preferred choice in challenging catalytic transformations.