This chemical is widely utilized in the development of organic semiconductors due to its electron-deficient properties, which enhance charge transport in electronic devices. It serves as a key building block in the synthesis of conjugated polymers and small molecules for use in organic photovoltaics and light-emitting diodes (OLEDs). Additionally, its derivatives are employed in the fabrication of sensors for detecting various analytes, leveraging its ability to interact with specific molecules. Its role in creating high-performance materials for energy conversion and storage systems is also notable, contributing to advancements in sustainable technologies.