Used as a key intermediate in organic synthesis, particularly in the production of advanced photoactive materials. It serves in the development of organic semiconductors and is employed in the synthesis of functionalized fullerenes and graphene-like compounds. Commonly applied in research for optoelectronic devices such as organic light-emitting diodes (OLEDs) and sensors due to its stable radical formation and favorable electronic properties. Also utilized as a building block in the preparation of sterically hindered ligands for catalysis.