This chemical is primarily utilized in the field of organic electronics due to its unique structural and electronic properties. It serves as a key building block in the synthesis of organic semiconductors, which are essential components in the production of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. Its conjugated system and carboxylic acid groups enable efficient charge transport and facilitate the formation of stable thin films, enhancing device performance. Additionally, it is employed in the development of advanced materials for sensors and optoelectronic devices, where its ability to interact with light and electrical currents is highly valuable.