This chemical is primarily utilized in the field of organic electronics due to its excellent electron-transporting properties. It is often incorporated into the design of organic light-emitting diodes (OLEDs) to enhance their efficiency and performance. Additionally, it serves as a key intermediate in the synthesis of various pharmaceutical compounds, particularly those targeting neurological disorders. Its unique structure also makes it a valuable component in the development of fluorescent probes for biological imaging, aiding in the study of cellular processes. Furthermore, it is employed in material science for the creation of advanced polymers with specific optical and electronic characteristics.