This chemical is primarily utilized in the synthesis of organic semiconductors and light-emitting materials. It serves as a key building block in the development of organic light-emitting diodes (OLEDs) due to its ability to form stable and efficient charge-transporting layers. Additionally, it is used in the production of dyes and pigments, contributing to vibrant and durable colors in various industrial applications. Its structural properties also make it valuable in the creation of advanced polymers and coordination complexes for use in optoelectronic devices.