This compound is primarily utilized in the field of organic electronics due to its excellent electron-accepting properties. It is often incorporated into the design of organic semiconductors, particularly in the development of organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). Its ability to efficiently transport electrons makes it a valuable component in the active layers of these devices, enhancing their performance and stability. Additionally, it is explored in the synthesis of dye-sensitized solar cells (DSSCs) where it contributes to improving light absorption and charge separation. Researchers also investigate its potential in the creation of nonlinear optical materials, which are crucial for applications in telecommunications and laser technology.