Used primarily in organic electronics, this compound serves as an effective electron acceptor in organic photovoltaic devices. Its compatibility with various polymers enhances the efficiency of solar cells by improving charge separation and transport. Additionally, it is utilized in the development of flexible and lightweight electronic components, contributing to advancements in wearable technology. Its stability and solubility in organic solvents make it a preferred choice for solution-processed fabrication methods, enabling cost-effective production of energy-harvesting devices.