This chemical is primarily used as a ligand in transition metal catalysis, particularly in palladium-catalyzed cross-coupling reactions. Its sterically demanding and electron-rich nature makes it effective in facilitating challenging transformations, such as the Suzuki-Miyaura and Buchwald-Hartwig reactions. Additionally, it is employed in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, due to its ability to stabilize metal centers and enhance catalytic activity. Its unique structure also allows for selective control in asymmetric synthesis, making it valuable in producing enantiomerically pure compounds.