This chemical is primarily utilized in the field of organic electronics and optoelectronics due to its excellent light absorption and charge transport properties. It is often employed as a key component in the fabrication of organic photovoltaic (OPV) cells, where it enhances the efficiency of solar energy conversion. Additionally, it is used in the development of organic light-emitting diodes (OLEDs) to improve device performance and stability. Its unique structure also makes it suitable for applications in chemical sensors, where it can detect specific gases or analytes with high sensitivity. Furthermore, it is explored in dye-sensitized solar cells (DSSCs) to optimize light harvesting and electron transfer processes.