Used primarily in the field of organic electronics, this compound serves as a key component in the development of light-emitting diodes (LEDs) and organic photovoltaic cells. Its structure is particularly effective in facilitating electron transport, making it valuable in enhancing the efficiency of these devices. Additionally, it is utilized in the synthesis of coordination complexes, where it acts as a ligand to stabilize metal centers in catalytic processes. This chemical is also explored in research for its potential applications in sensors and as a building block for advanced materials with specific optical properties.