This chemical is primarily utilized in the development of organic semiconductors and optoelectronic materials. Its unique structure allows it to function effectively in organic photovoltaics, enhancing the efficiency of solar cells by improving light absorption and charge transport. Additionally, it is employed in the synthesis of dyes and pigments, particularly for applications requiring high stability and vibrant colors. In research, it serves as a key intermediate in the preparation of advanced materials for electronic devices, including organic light-emitting diodes (OLEDs) and field-effect transistors (FETs). Its electron-withdrawing properties make it valuable in designing novel compounds for nonlinear optical applications.