This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of high-performance polymers and small molecules used in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its unique structure contributes to enhanced charge transport properties, making it suitable for applications in energy-efficient displays and solar cells. Additionally, it is explored in the fabrication of sensors and optoelectronic devices due to its ability to interact with light and electrical currents effectively. Its stability and electronic properties also make it a candidate for research in molecular electronics and nanotechnology.