This compound is primarily utilized in the field of organic electronics due to its unique electronic properties. It serves as a key component in the synthesis of organic semiconductors, which are essential for the development of flexible displays, solar cells, and light-emitting diodes (LEDs). Its structure allows for efficient charge transport, making it suitable for use in thin-film transistors and other electronic devices. Additionally, it is explored in photovoltaics for enhancing the efficiency of organic solar cells by improving light absorption and charge separation. Research also indicates potential applications in sensors, where its sensitivity to environmental changes can be leveraged for detecting various chemical and biological substances.