This chemical is primarily used in the field of organic synthesis and material science. It serves as a key intermediate in the development of advanced materials, particularly in the creation of organic semiconductors and photoconductive compounds. Its structure allows for efficient electron transport, making it suitable for use in organic light-emitting diodes (OLEDs) and photovoltaic devices. Additionally, it has been explored in the synthesis of pharmaceutical compounds due to its potential biological activity, particularly in targeting specific enzymes or receptors. Researchers also investigate its role in the development of fluorescent dyes and sensors, leveraging its unique photophysical properties.