This chemical is primarily utilized in the development of organic semiconductors due to its unique electronic properties. It is often incorporated into materials for organic field-effect transistors (OFETs) and organic photovoltaics (OPVs), where it enhances charge transport and stability. Additionally, it serves as a key component in the synthesis of advanced dyes and pigments, particularly those requiring high thermal and chemical resistance. Its ability to form stable complexes also makes it valuable in the creation of coordination polymers and metal-organic frameworks (MOFs) for gas storage and separation applications. Furthermore, it is explored in the field of nonlinear optics for its potential in creating materials with high optical nonlinearity.