Used as a ligand in transition metal catalysis, particularly in cross-coupling reactions, where it enhances the efficiency and selectivity of the process. Its bulky structure helps stabilize reactive intermediates, making it valuable in the synthesis of complex organic molecules. Applied in the production of pharmaceuticals and fine chemicals, it improves yield and reduces unwanted byproducts. Also employed in polymerization reactions, contributing to the development of advanced materials with specific properties. Its thermal and chemical stability makes it suitable for high-temperature applications in industrial processes.