Used as a high-performance oxidizing agent in specialty organic syntheses, particularly in the preparation of quinone-based compounds for advanced materials. Its unique fused-ring structure with multiple nitro and carbonyl groups makes it valuable in the development of electroactive materials and organic semiconductors. Also investigated for use in energetic materials due to its high nitrogen and oxygen content, contributing to thermal stability and controlled reactivity. Limited applications in research settings for studying charge-transfer complexes and radical reactions.