This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic semiconductors, which are essential for creating flexible displays, solar cells, and light-emitting diodes (LEDs). Its ability to absorb and emit light efficiently makes it suitable for use in optoelectronic devices. Additionally, it is employed in research as a building block for synthesizing more complex organic molecules with potential applications in material science and nanotechnology. Its stability and electronic characteristics also make it a candidate for use in sensors and imaging technologies.