This chemical is primarily utilized as a ligand in transition metal catalysis, particularly in cross-coupling reactions. Its bulky structure enhances selectivity and stability in catalytic processes, making it valuable in the synthesis of complex organic molecules. It is often employed in pharmaceutical research for the development of new drugs, where precise control over reaction pathways is crucial. Additionally, its unique properties make it suitable for use in materials science, particularly in the creation of advanced polymers and nanomaterials with tailored functionalities.