Used in organic synthesis, particularly in the development of optoelectronic materials. It serves as a key intermediate in the production of organic light-emitting diodes (OLEDs) and other photoconductive materials. Its structure is beneficial in creating compounds with high charge carrier mobility, essential for efficient electronic devices. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored complexes. Its applications extend to research in photovoltaic cells, where it contributes to the enhancement of light absorption and energy conversion efficiency.