Used as a ligand in organometallic chemistry to stabilize metal complexes, particularly in catalytic processes. It plays a role in enhancing the efficiency of transition metal catalysts, especially in cross-coupling reactions and polymerization. Its steric and electronic properties make it suitable for fine-tuning catalyst performance in asymmetric synthesis. Additionally, it is employed in the development of advanced materials, such as coordination polymers and metal-organic frameworks, due to its ability to form stable complexes with various metals.