This chemical is primarily used as a ligand in organometallic chemistry and catalysis. It plays a significant role in facilitating various transition metal-catalyzed reactions, such as cross-coupling reactions, which are essential in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Its sterically demanding structure enhances selectivity and efficiency in catalytic processes. Additionally, it is employed in the development of advanced materials, including polymers and coordination complexes, due to its ability to stabilize metal centers and control reaction pathways. Its application extends to research in asymmetric synthesis, where it helps achieve high enantioselectivity in the production of chiral molecules.