Used primarily in the field of organic electronics, this compound serves as a key component in the synthesis of organic light-emitting diodes (OLEDs). Its ability to facilitate electron transport makes it valuable in enhancing the efficiency and brightness of OLED displays found in smartphones, televisions, and other digital screens. Additionally, it is employed in the development of fluorescent dyes and sensors due to its photoluminescent properties, which are useful in biological imaging and chemical detection. In material science, it acts as a building block for creating advanced polymers with specific optical and electronic characteristics, contributing to innovations in flexible electronics and smart materials.