Used as a ligand in catalytic processes, particularly in cross-coupling reactions in organic synthesis. It enhances the efficiency of palladium-catalyzed reactions, such as Suzuki-Miyaura and Heck reactions, due to its electron-withdrawing trifluoromethyl groups. Also employed in the development of advanced materials, including phosphorescent compounds for OLEDs. Its unique properties make it valuable in creating highly selective and stable catalysts for pharmaceutical and agrochemical manufacturing.