My understanding is that the address CoreBPFLoaderV41111111111111111111111111111 was chosen so that the program could be unit tested without colliding with the existing built-in, but this makes the JS program client unusable on mainnet.
https://github.com/solana-program/loader-v4/blob/main/clients/js/src/generated/programs/loaderV4.ts#L24-L25