This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of semiconducting polymers, which are essential for creating flexible and efficient electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its unique molecular structure allows for enhanced charge transport properties, making it highly valuable in improving the performance and stability of these devices. Additionally, it is explored in research for potential applications in sensors and energy storage systems due to its tunable electronic characteristics.