This compound is primarily utilized in the field of organic electronics, particularly in the development of advanced materials for light-emitting diodes (OLEDs). Its unique structure and properties make it an effective electron-transporting material, enhancing the efficiency and performance of OLED devices. Additionally, it is employed in the synthesis of high-performance phosphorescent emitters, which are crucial for achieving bright and energy-efficient displays. The compound's stability and ability to facilitate charge transport also make it suitable for use in photovoltaic cells, contributing to the improvement of solar energy conversion technologies.