Used primarily in organic electronics, this compound serves as a key material in the development of organic semiconductors and light-emitting diodes (OLEDs). Its ability to facilitate efficient electron transport makes it valuable in photovoltaic devices, enhancing the performance of solar cells. Additionally, it is employed in the synthesis of advanced polymers and coatings, providing improved durability and conductivity. In research, it acts as a building block for creating complex organic molecules with potential applications in optoelectronics and nanotechnology.