This compound is primarily utilized in the field of organic electronics and photovoltaics due to its unique optical and electronic properties. It serves as a key component in the synthesis of organic semiconductors, which are essential for developing efficient light-emitting diodes (LEDs) and solar cells. Its structure allows for enhanced charge transport and stability, making it suitable for use in high-performance optoelectronic devices. Additionally, it is employed in research focused on creating advanced materials for energy conversion and storage applications, contributing to innovations in sustainable technology.