This compound is a specialized organophosphorus ligand primarily used as a catalyst in advanced organic synthesis. It excels in facilitating complex reactions such as carbon-carbon and carbon-heteroatom bond formations, including cross-coupling processes essential for constructing intricate molecular frameworks. In the pharmaceutical industry, it is vital for producing pharmaceuticals and bioactive compounds with precise stereochemistry. Additionally, it supports research in materials science for developing novel polymers and functional materials applied in electronic devices, such as organic semiconductors, transistors, sensors, and components for organic light-emitting diodes (OLEDs).