This chemical is primarily used in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of conductive polymers and organic semiconductors, which are essential for manufacturing flexible displays, solar cells, and light-emitting diodes (LEDs). Its structure allows for efficient charge transport, making it valuable in improving the performance of these devices. Additionally, it is utilized in research for creating novel dyes and pigments due to its ability to form stable and vibrant colors. Its applications also extend to the field of sensors, where it contributes to the development of sensitive and selective detection systems for various analytes.