Widely used as a ligand in palladium-catalyzed cross-coupling reactions, such as the Suzuki-Miyaura coupling, due to its ability to stabilize palladium complexes and enhance catalytic activity. It is particularly effective in facilitating reactions involving aryl chlorides, which are typically less reactive. Its air and moisture stability make it convenient for handling in organic synthesis. Additionally, it is employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials, offering high yields and selectivity in complex transformations. Its robust performance under mild conditions makes it a preferred choice in industrial and academic research.