This chemical is primarily utilized as a ligand in various catalytic processes, particularly in transition metal-catalyzed reactions. Its electron-withdrawing trifluoromethyl groups enhance the stability and reactivity of the metal complexes, making it valuable in cross-coupling reactions, hydrogenation, and other organometallic transformations. It is also employed in the synthesis of fine chemicals and pharmaceuticals, where precise control over reaction pathways is crucial. Additionally, its unique steric and electronic properties make it suitable for use in asymmetric catalysis, aiding in the production of enantiomerically pure compounds.