Widely used as a ligand in transition metal-catalyzed reactions, particularly in cross-coupling processes such as Suzuki-Miyaura and Buchwald-Hartwig aminations. Its steric bulk and electron-rich nature enhance catalytic activity and selectivity, especially with palladium complexes. Commonly employed in pharmaceutical synthesis and fine chemical manufacturing where high efficiency and yield are critical. Also utilized in materials science for the development of functional organic compounds requiring precise catalytic control.