This chemical is primarily utilized in the development of organic semiconductors and optoelectronic materials due to its unique conjugated structure. It serves as a key building block in the synthesis of advanced polymers and small molecules for organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its ability to facilitate efficient electron transport and light absorption makes it valuable in enhancing the performance of these devices. Additionally, it is employed in research focused on creating novel fluorescent probes and sensors for detecting specific analytes in chemical and biological systems. Its structural properties also make it a candidate for use in nonlinear optical materials, which are essential in technologies like optical data storage and laser applications.