Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of dyes and pigments, particularly those with high thermal and chemical stability. Its structure allows for the creation of vivid, long-lasting colors used in textiles, inks, and coatings. Additionally, it finds applications in the development of organic semiconductors due to its ability to facilitate electron transfer, making it valuable in the manufacture of electronic devices such as OLEDs and solar cells. In research, it is employed as a building block for studying charge transport mechanisms in conjugated systems. Its redox-active properties also make it suitable for use in electrochemical sensors and energy storage materials.