This compound is primarily utilized in the development of organic electronic materials due to its unique electronic properties. It serves as a key component in the fabrication of organic semiconductors, which are essential for creating flexible and lightweight electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaic cells (OPVs). Its structure allows for efficient electron transport, making it valuable in enhancing the performance of these devices. Additionally, it is explored in the field of organic synthesis as a building block for constructing complex molecules with potential applications in pharmaceuticals and advanced materials. Its ability to participate in various chemical reactions also makes it a candidate for use in dye-sensitized solar cells, contributing to the advancement of renewable energy technologies.