Used as an intermediate in organic synthesis, particularly in the production of phosphorescent materials and organic light-emitting diodes (OLEDs). It plays a role in enhancing the efficiency and stability of OLEDs by acting as an electron-transport material. Additionally, it is utilized in the development of photoactive compounds for optoelectronic applications. Its properties make it suitable for use in advanced materials research, especially in the field of photovoltaics and light-emitting devices.