Used primarily in organic electronics, this compound serves as a key intermediate in the synthesis of n-type organic semiconductors. It is especially valuable in the development of organic photovoltaics (OPVs) and perovskite solar cells due to its strong electron-accepting properties. Its structure enables efficient charge transport and enhances the stability of the active layer in solar devices. Additionally, it is employed in dye-sensitized solar cells as a component to improve light absorption and electron injection efficiency. The compound also finds use in the preparation of functional dyes and pigments for optoelectronic applications.