Used as an organic semiconductor material in optoelectronic devices, particularly in organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its strong electron-accepting properties make it suitable for use in active layers where efficient charge separation and transport are required. The compound is also employed in dye-sensitized solar cells due to its ability to absorb light in the visible to near-infrared range. Additionally, it serves as a building block in the synthesis of conjugated polymers and small molecules for use in flexible electronics and sensors.