This compound is primarily used as a key intermediate in organic synthesis, particularly in the development of advanced materials. It plays a significant role in the production of organic semiconductors, which are essential components in electronic devices such as OLEDs (organic light-emitting diodes) and solar cells. Its structure allows for efficient electron transport, making it valuable in creating high-performance optoelectronic materials. Additionally, it is utilized in research for designing fluorescent probes and sensors due to its unique photophysical properties, enabling the detection of specific analytes in chemical and biological systems. Its stability and functional groups also make it suitable for use in polymer chemistry, where it can be incorporated into polymers to enhance their thermal and mechanical properties.