This compound is primarily utilized in the field of organic electronics due to its ability to act as an electron acceptor in organic semiconductors. Its structure facilitates efficient charge transfer, making it valuable in the development of organic photovoltaic cells and light-emitting diodes (OLEDs). Additionally, it serves as a key intermediate in the synthesis of more complex organic molecules, particularly those used in the production of dyes and pigments. Its unique properties also make it suitable for research in advanced materials, where it contributes to the study of molecular self-assembly and the creation of novel polymeric materials.