This compound is primarily utilized in the field of organic electronics due to its unique electronic properties. It serves as a 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 ability to facilitate electron transport makes it valuable in enhancing the efficiency of these devices. Additionally, it is employed in the development of fluorescent dyes and sensors, where its photophysical characteristics are leveraged for detecting specific analytes or environmental changes. In material science, it contributes to the creation of advanced materials with tailored electronic and optical properties, supporting innovations in display technologies and renewable energy solutions.