Used extensively in cross-coupling reactions, particularly in the pharmaceutical industry for synthesizing complex organic molecules. It is highly effective in Buchwald-Hartwig amination, enabling the formation of carbon-nitrogen bonds, which is crucial for creating various drug intermediates. The catalyst is also employed in Suzuki-Miyaura coupling reactions, facilitating the creation of carbon-carbon bonds in the production of fine chemicals and polymers. Its stability and efficiency make it a preferred choice for high-throughput and large-scale industrial applications, ensuring consistent yields and reducing reaction times. Additionally, it is utilized in the development of advanced materials, including organic electronics and liquid crystals, due to its ability to catalyze precise and selective transformations.