Used as a ligand precursor in palladium-catalyzed cross-coupling reactions, enabling the synthesis of complex organic molecules in pharmaceutical and agrochemical industries. Its electron-withdrawing fluorinated aryl groups enhance catalytic activity and stability of metal complexes. Also employed in materials science for developing phosphorescent organic light-emitting diodes (OLEDs) due to its ability to coordinate with iridium or platinum centers. Solubility in common organic solvents makes it suitable for solution-phase catalysis and thin-film deposition processes.