This chemical is primarily utilized in the field of organic electronics and materials science. It serves as a key building block in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. Its electron-deficient structure makes it suitable for creating materials with desirable electronic properties, such as high electron affinity and charge transport capabilities. Additionally, it is employed in the development of fluorescent dyes and sensors due to its photophysical properties, enabling applications in bioimaging and chemical detection. Its versatility also extends to use in organic synthesis as an intermediate for constructing complex heterocyclic compounds.