This chemical is primarily utilized in the field of organic electronics due to its electron-accepting properties. It serves as a key component in the synthesis of organic semiconductors, which are essential for developing flexible and lightweight electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaic cells (OPVs). Its ability to stabilize anions makes it valuable in the design of charge transport materials, enhancing the efficiency of energy conversion and light emission in these devices. Additionally, it is used in research for creating novel dye molecules in sensitized solar cells, contributing to advancements in renewable energy technologies.