This chemical is primarily utilized in the development of organic electronic materials, particularly in the fabrication of organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its unique structure allows for efficient charge transport and light absorption, making it suitable for use in solar cells to enhance energy conversion efficiency. Additionally, it is employed in the production of flexible and lightweight electronic devices due to its compatibility with solution-processing techniques. The compound also finds application in organic light-emitting diodes (OLEDs) as an active layer material, contributing to improved device performance and stability.