Used as a ligand in catalytic systems, particularly in transition metal catalysis, to enhance the efficiency of various chemical reactions. It is effective in cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig couplings, where it stabilizes metal complexes and improves reaction selectivity. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, contributing to the development of complex organic molecules. Its unique structure also makes it valuable in materials science, particularly in the design of organic light-emitting diodes (OLEDs) and other optoelectronic devices.