Used as an electron acceptor in organic semiconductors, this compound enhances the efficiency of organic photovoltaic devices. Its strong electron-withdrawing properties make it suitable for use in organic light-emitting diodes (OLEDs) and organic field-effect transistors (OFETs). Additionally, it is employed in the development of fluorescent probes for bioimaging due to its high photostability and brightness. The compound is also utilized in research focused on dye-sensitized solar cells, where it improves charge separation and overall performance. Its unique electronic structure makes it valuable in the synthesis of advanced materials for optoelectronic applications.