Used primarily in the synthesis of organophosphorus compounds, it serves as a key reagent in the production of ligands for catalysis. Its applications extend to the field of material science, where it contributes to the development of semiconductors and optoelectronic devices. Additionally, it plays a role in organic synthesis, facilitating the creation of complex molecules for pharmaceuticals and agrochemicals. Its reactivity with metals makes it valuable in the preparation of metal-phosphine complexes, which are utilized in various catalytic processes.