Used as a highly active palladium catalyst in cross-coupling reactions, particularly in Suzuki-Miyaura and Buchwald-Hartwig aminations. Effective for forming carbon-carbon and carbon-heteroatom bonds under mild conditions. Suitable for late-stage functionalization in pharmaceutical synthesis due to its stability and selectivity. Works efficiently with aryl chlorides, which are less reactive substrates, enabling cost-effective and scalable transformations. Commonly applied in the development of complex organic molecules, including drug candidates and agrochemicals.