This compound is primarily utilized in organic synthesis, particularly as a ligand in transition metal catalysis. Its bulky structure enhances steric hindrance, making it effective in controlling the selectivity and reactivity of catalytic processes. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, where it aids in forming carbon-carbon bonds with high efficiency. Additionally, its stability under harsh reaction conditions makes it suitable for use in high-temperature or high-pressure environments. The compound is also explored in the development of advanced materials and pharmaceuticals, where precise control over molecular interactions is crucial.