This chemical is primarily used as a catalyst in various organic synthesis reactions, particularly in cross-coupling processes such as Suzuki-Miyaura and Buchwald-Hartwig reactions. Its unique structure, featuring a palladium center with a biphenyl ligand and dinorbornylphosphine, enhances its stability and reactivity, making it effective in forming carbon-carbon and carbon-nitrogen bonds. It is particularly valuable in pharmaceutical research and development, where it aids in the synthesis of complex organic molecules, including drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is employed in material science for the preparation of advanced polymers and functional materials. Its efficiency and selectivity make it a preferred choice for chemists working on fine chemical synthesis.