Used primarily in the field of organic electronics, this compound serves as a building block for the synthesis of organic semiconductors. Its structure is particularly valued in the development of light-emitting diodes (LEDs) and photovoltaic cells, where it contributes to the efficiency and stability of these devices. Additionally, it finds application in the creation of fluorescent dyes and pigments, enhancing the vibrancy and durability of colors in various industrial products. In research, it is often utilized to study charge transfer processes and photophysical properties, aiding in the advancement of materials science.