This chemical is primarily utilized in the field of organic electronics due to its unique electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances the efficiency and stability of the light-emitting layers. Additionally, it is employed in the synthesis of advanced materials for organic photovoltaics, contributing to improved energy conversion in solar cells. Its application extends to the creation of organic field-effect transistors (OFETs), where it aids in achieving higher charge carrier mobility. The compound's ability to facilitate electron transport makes it valuable in the design of next-generation electronic devices.