Fluorescence lifetime imaging microscopy (FLIM) provides spatiotemporal resolution of the changing composition of emulsion droplets during an aqueous–surfactant Suzuki coupling. In contrast to previous investigations, the present experiments characterize the full course of a catalytic chemical reaction, addressing key questions about if and where reaction species build up, and correlating these microscale behaviors with bench-scale product yields. At low concentrations of (active) catalyst, droplet environments are stable; however, at higher concentrations, emulsion droplet environments change markedly, as indi-cated by the rise and fall of fluorescence lifetimes. These changes are consistent with buildup and consumption of reaction species inside the droplets. A combination of FLIM and brightfield imaging pinpoint limitations in catalyst solubility as controlling the rate and degree of buildup of species in droplets. These solubility limitations are also identified as the cause of a reaction induction period, and an origin of the rate-and-reproducibility advantage obtained by adding a THF as a cosolvent. The subsequent mechanistic model from these data led to a bench-scale reaction optimization, wherein premixing the catalyst components bypasses the catalyst induction period, resulting in a faster reaction at otherwise constant catalyst load-ing. The understanding generated by FLIM thus provides an early example of how understanding changes in droplet compo-sitions on the microscale during ongoing aqueous–organic reactions can be leveraged for enhancing efficiencies in bench-scale reactions.