This chemical is primarily utilized in the field of organic electronics due to its excellent semiconducting properties. It is commonly incorporated into organic photovoltaic (OPV) devices, where it acts as an electron donor material in the active layer, enhancing the efficiency of solar energy conversion. Additionally, it is used in organic field-effect transistors (OFETs) as a p-type semiconductor to improve hole carrier mobility, making it valuable for flexible and lightweight electronic applications. Its stability and ability to form thin films also make it suitable for use in sensors and other optoelectronic devices.