Used primarily in the field of organic electronics, this compound serves as a key building block for creating organic conductors and superconductors. It acts as an electron donor when combined with acceptor materials, forming charge-transfer complexes that exhibit high electrical conductivity. It is especially valuable in the development of organic field-effect transistors (OFETs) and nonlinear optical materials. Due to its extended pi-conjugated system and selenium content, it enhances intermolecular interactions and charge carrier mobility, making it suitable for use in thin-film electronic devices and molecular-scale electronics. Its derivatives are also explored in photovoltaic systems and sensors where tunable redox properties are required.