This chemical is primarily utilized in the development of conductive polymers, particularly in the field of organic electronics. Its unique structure makes it a valuable component in the synthesis of materials used for organic field-effect transistors (OFETs) and organic light-emitting diodes (OLEDs). The compound's ability to enhance electrical conductivity and stability in polymer matrices is crucial for improving the performance of these devices. Additionally, it is explored in the creation of electrochromic materials, which are used in smart windows and displays that change color in response to an electrical stimulus. Its application also extends to energy storage systems, where it contributes to the development of advanced supercapacitors and batteries with higher efficiency and longer life cycles.