Used in organic electronics, particularly in the development of organic semiconductors and optoelectronic devices. Its rigid, planar structure supports strong π-conjugation, making it suitable for applications in organic field-effect transistors (OFETs) and as a building block in donor-acceptor materials for organic photovoltaics (OPVs). It also shows potential in light-emitting diodes (OLEDs) due to its ability to facilitate charge transport and tune emission properties. Derivatives of this compound are explored for use in dye-sensitized solar cells and as sensitizers in photodynamic therapy owing to their photochemical stability and tunable electronic properties.