Widely used as a highly efficient catalyst in cross-coupling reactions, particularly in carbon–heteroatom bond formations such as C–N, C–O, and C–S couplings. It enables the synthesis of complex organic molecules under mild conditions with high yields and excellent functional group tolerance. Commonly applied in pharmaceutical and agrochemical industries for constructing nitrogen-containing heterocycles and functionalized aromatic compounds. Its stability and reactivity make it suitable for use in both academic research and industrial-scale processes.