This chemical is primarily utilized in the development of organic semiconductors and optoelectronic materials. It serves as a key building block in the synthesis of conjugated polymers and small molecules, which are essential for applications in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its unique electronic properties, such as high electron affinity and efficient charge transport, make it suitable for enhancing the performance of these devices. Additionally, it is employed in the design of fluorescent dyes and sensors due to its strong luminescent characteristics, enabling its use in bioimaging and environmental monitoring.