This chemical is primarily used as a ligand in coordination chemistry and catalysis. It plays a significant role in forming complexes with transition metals, particularly in reactions involving homogeneous catalysis. Its application is notable in the synthesis of fine chemicals and pharmaceuticals, where it facilitates efficient and selective catalytic processes. Additionally, it is utilized in the development of advanced materials, including polymers and nanomaterials, due to its ability to stabilize metal centers and enhance reaction specificity. Its fluorinated structure also makes it valuable in specialized applications requiring resistance to harsh chemical environments.