This compound is widely used in the field of organic electronics due to its excellent electron-transporting properties. It is a key component in the fabrication of organic light-emitting diodes (OLEDs), where it enhances device efficiency and stability. Additionally, it serves as a building block in the synthesis of more complex organic molecules for use in photovoltaic cells, contributing to improved energy conversion rates. In the pharmaceutical industry, it is utilized as an intermediate in the production of various bioactive compounds, including potential anticancer agents. Its ability to act as a ligand in coordination chemistry also makes it valuable in the development of catalysts for chemical reactions. Furthermore, it finds application in the creation of fluorescent probes for biological imaging, aiding in the study of cellular processes.