This compound is primarily utilized in the field of organic electronics and optoelectronics due to its unique electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where its ability to facilitate efficient charge transport and light absorption is highly valued. Additionally, it is employed in the synthesis of advanced materials for sensors and imaging applications, leveraging its strong fluorescence and stability under various conditions. Its role in these technologies contributes to the advancement of energy-efficient displays and renewable energy solutions.