Used as a ligand in transition metal catalysis, particularly in cross-coupling reactions like Suzuki-Miyaura and Heck reactions, enhancing reaction efficiency and selectivity.

Applied in the synthesis of organic compounds, including pharmaceuticals and agrochemicals, due to its ability to stabilize metal complexes and facilitate complex transformations.

Employed in the development of advanced materials, such as polymers and coordination polymers, where its phosphine group acts as a key building block.

Also utilized in asymmetric synthesis, enabling the production of chiral molecules with high enantiomeric purity, which is crucial in drug development.

Its role in photochemical and electrochemical processes makes it valuable in research on energy storage and conversion technologies.