Used in organic electronics as a dopant or intermediate in the synthesis of conductive polymers. Its rigid fused-ring structure supports electron transport, making it suitable for applications in OLEDs and thin-film transistors.

Also explored in pharmaceutical research for its potential bioactivity due to structural similarity to kinase inhibitor scaffolds.

Serves as a ligand in catalytic systems, particularly in asymmetric synthesis where its chiral centers influence stereoselectivity.