This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. Its structure makes it suitable for constructing metal-organic frameworks (MOFs), which are used for gas storage, separation, and catalysis due to their high porosity and surface area. Additionally, it serves as a building block in the synthesis of organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and photovoltaic cells. Its ability to form stable, conjugated systems also makes it valuable in the design of fluorescent sensors and probes for detecting specific analytes in environmental and biological systems.