Used primarily as a ligand in coordination chemistry, it facilitates the formation of metal complexes, particularly in catalytic processes. Its application is significant in the synthesis of organic compounds, where it aids in cross-coupling reactions, such as the Suzuki-Miyaura and Heck reactions, which are pivotal in creating pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, including polymers and electronic components, due to its ability to stabilize transition metals and enhance catalytic activity. Its fluorinated structure also contributes to increased stability and selectivity in various chemical transformations.