This compound is primarily utilized in the field of organic electronics due to its unique electronic and optical properties. It serves as a key component in the development of organic semiconductors, which are essential for manufacturing flexible displays, solar cells, and light-emitting diodes (LEDs). Its ability to absorb and emit light efficiently makes it suitable for use in photovoltaic devices, where it helps in converting solar energy into electrical energy. Additionally, its structural properties allow for improved charge transport, enhancing the performance of organic field-effect transistors (OFETs). The compound's stability and solubility in organic solvents also facilitate its integration into various coating and printing processes, enabling the production of large-area electronic devices.