Used extensively in organic synthesis as a ligand in transition metal catalysis, particularly in cross-coupling reactions like Suzuki-Miyaura and Buchwald-Hartwig couplings. Its sterically demanding structure enhances selectivity and efficiency in forming carbon-carbon and carbon-heteroatom bonds. It is also employed in the development of pharmaceuticals and fine chemicals, where precise control over reaction pathways is crucial. Additionally, it finds application in materials science for the synthesis of advanced polymers and functional materials.