This compound is primarily used in advanced material sciences, particularly in the development of electrochromic devices. Its unique properties make it suitable for applications in smart windows, which can change their transparency based on electrical stimuli, helping to regulate light and heat in buildings efficiently. Additionally, it is utilized in organic electronics, where it contributes to the creation of high-performance organic light-emitting diodes (OLEDs) and other electronic components that require precise control over electrical conductivity and optical properties. Its stability and responsiveness to electrical changes also make it a candidate for use in next-generation display technologies and energy-efficient systems.