Widely used as a catalyst in cross-coupling reactions, particularly in organic synthesis for forming carbon-carbon bonds. It is effective in reactions such as Suzuki, Heck, and Sonogashira couplings, where it facilitates the connection of aryl halides with various nucleophiles or alkenes. Its stability and solubility in common organic solvents make it suitable for homogeneous catalysis. Often employed in pharmaceutical, agrochemical, and materials science research due to its reliable performance under mild reaction conditions. Can be easily handled and stored, making it a practical choice in both academic and industrial laboratories.