This chemical is primarily utilized as a catalyst in various organic synthesis processes. It is particularly effective in facilitating cross-coupling reactions, such as the Suzuki-Miyaura and Heck couplings, which are widely used to form carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its unique structure, incorporating palladium and phosphinite ligands, enhances its stability and reactivity under reaction conditions, making it suitable for complex transformations. Additionally, it is employed in hydrogenation reactions, which are crucial in the synthesis of pharmaceutical intermediates. The compound's ability to operate under mild conditions and its selectivity make it a valuable tool in fine chemical synthesis.