Used as a key intermediate in the synthesis of fluorinated organic semiconductors, this compound plays an important role in the development of high-performance organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). Its strong electron-withdrawing nature due to the malononitrile and fluoro-substituted indanone groups enhances charge carrier mobility and improves the stability of the resulting materials. It is also employed in the preparation of n-type organic semiconductors, where it contributes to efficient electron transport and low LUMO energy levels. Additionally, it finds use in research settings for designing novel conjugated polymers and small molecules for flexible electronics and optoelectronic devices.