This chemical is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent electron-transporting properties. It serves as a key component in the emissive layer, enhancing the efficiency and brightness of the display. Additionally, it is employed in the synthesis of advanced materials for optoelectronic devices, contributing to improved performance in solar cells and photodetectors. Its unique structure also makes it a valuable intermediate in pharmaceutical research, particularly in the development of novel therapeutic agents targeting neurological disorders.