Widely used as a catalyst in cross-coupling reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It exhibits high efficiency in coupling aryl chlorides, which are typically less reactive, making it valuable in the synthesis of complex organic molecules. Commonly applied in pharmaceutical and agrochemical industries for constructing biaryl compounds and functionalized aromatic systems. Its stability and selectivity under mild reaction conditions make it suitable for use in late-stage functionalization of sensitive substrates.