This chemical is primarily used as a ligand in catalytic processes, particularly in transition metal catalysis. It plays a significant role in facilitating various organic transformations, including cross-coupling reactions, hydrogenation, and hydroformylation. Its sterically demanding structure enhances selectivity and efficiency in these reactions, making it valuable in the synthesis of complex organic molecules. Additionally, it finds application in the development of advanced materials and pharmaceuticals, where precise control over reaction pathways is essential. Its stability and unique electronic properties contribute to its effectiveness in these specialized catalytic applications.