This chemical is primarily used in catalysis, particularly in cross-coupling reactions, which are essential in organic synthesis for forming carbon-carbon bonds. Its structure, featuring palladium, makes it highly effective in facilitating reactions such as Suzuki-Miyaura and Buchwald-Hartwig couplings. These reactions are widely applied in the pharmaceutical industry for synthesizing complex molecules, including active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for developing organic electronic materials, such as polymers and small molecules for OLEDs and other optoelectronic devices. Its stability and efficiency in catalytic processes make it a valuable tool in both industrial and academic research settings.