Used primarily in organic electronics, this compound serves as a key component in the development of organic semiconductors. Its application extends to the fabrication of organic light-emitting diodes (OLEDs) and organic photovoltaic cells (OPVs), where it enhances electron transport properties. Additionally, it is utilized in the synthesis of fluorescent dyes and sensors, contributing to advancements in bioimaging and chemical detection technologies. Its role in improving the efficiency and stability of electronic devices makes it valuable in the field of material science.