Used as a ligand in coordination chemistry, it facilitates the formation of metal complexes, particularly in catalytic processes. It is employed in the synthesis of organophosphorus compounds, which are valuable in pharmaceuticals and agrochemicals. The compound is also utilized in the preparation of phosphine-based polymers and materials with specific electronic properties. In organic synthesis, it acts as a reducing agent and participates in cross-coupling reactions, enhancing the efficiency of these transformations. Additionally, it is applied in the development of advanced materials, such as semiconductors and optoelectronic devices, due to its ability to modify surface properties and improve performance.