Used as a ligand in transition metal catalysis, particularly in reactions involving palladium and rhodium complexes. It enhances the efficiency of cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, by stabilizing the metal center and improving selectivity.

Applied in the synthesis of pharmaceuticals and fine chemicals due to its ability to facilitate complex transformations. Its electron-withdrawing pentafluorophenyl group makes it effective in stabilizing reactive intermediates.

Also employed in organic light-emitting diodes (OLEDs) as a component in the development of phosphorescent materials, improving device performance.

In material science, it is used to modify surfaces or create specialized polymers with unique electronic properties.