This compound is primarily utilized in advanced organic synthesis and materials science due to its unique structural and electronic properties. It serves as a key intermediate in the development of specialized phosphorous-containing ligands, which are crucial in catalysis, particularly for asymmetric transformations. Its trifluoro and sulfonamide groups enhance its stability and reactivity, making it suitable for creating complex molecular architectures. Additionally, it finds application in the design of optoelectronic materials, where its extended aromatic systems contribute to desirable electronic properties for use in organic light-emitting diodes (OLEDs) or photovoltaic devices.