This chemical is primarily used as a ligand in catalytic processes, particularly in transition metal catalysis. It is highly effective in facilitating cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, due to its strong electron-donating properties and steric bulk. These reactions are crucial in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in the polymerization of olefins, enhancing the efficiency and selectivity of the process. Its robust structure and stability under various conditions make it a valuable component in industrial and academic research for developing new catalytic systems.