This chemical is primarily used in the development of advanced materials, particularly in the field of organic electronics. It serves as a key building block in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structure allows for efficient electron transport and light absorption, making it valuable for creating high-performance optoelectronic devices. Additionally, it is utilized in the production of dyes and pigments due to its ability to form stable, colored compounds. Its application extends to research and development in nanotechnology, where it contributes to the creation of novel materials with tailored electronic and optical properties.