Used primarily in organic electronics, this compound serves as a key building block in the synthesis of organic semiconductors and light-emitting materials. Its structure is beneficial in the development of organic light-emitting diodes (OLEDs) and photovoltaic cells due to its electron-donating properties and stability. Additionally, it is utilized in the creation of fluorescent dyes and sensors, where its photophysical characteristics enhance sensitivity and efficiency. In research, it acts as a precursor for more complex molecules in the study of charge transport and photochemical processes.