This chemical is primarily utilized in the development of organic semiconductors, particularly in the field of organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its complex structure and conjugated system make it highly effective in absorbing light and facilitating charge transport, which is crucial for enhancing the efficiency of solar cells. Additionally, its solubility in organic solvents allows for easy processing into thin films, making it suitable for flexible and lightweight electronic devices. The material’s ability to stabilize under various environmental conditions further supports its use in long-lasting and durable applications. Its unique electronic properties also make it a candidate for use in sensors and light-emitting diodes (LEDs), contributing to advancements in optoelectronic technologies.