This chemical is primarily utilized in the field of organic electronics and material science due to its unique structural and electronic properties. It serves as a key building block in the synthesis of advanced organic semiconductors, which are essential components in the development of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. Its ability to facilitate efficient charge transport makes it valuable in creating high-performance electronic devices. Additionally, it is employed in the production of dye-sensitized solar cells (DSSCs), where it enhances light absorption and energy conversion efficiency. Its application extends to the field of sensors, where it is used to develop sensitive and selective detection systems for various analytes.