Used as a highly efficient catalyst in cross-coupling reactions, particularly in carbon–carbon and carbon–heteroatom bond formations. It is effective in reactions such as Suzuki–Miyaura and Heck couplings, enabling the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals. Its stability and reactivity under mild conditions make it suitable for industrial-scale processes where high catalytic activity and selectivity are required. Often employed in the preparation of active pharmaceutical ingredients (APIs) due to its tolerance of various functional groups and moisture.