Used in organic electronics due to its extended π-conjugated structure, this compound serves as a building block in the synthesis of conductive polymers and small-molecule semiconductors. It is particularly valuable in the development of organic field-effect transistors (OFETs) and organic photovoltaics (OPVs), where its planar framework enhances charge carrier mobility. Its nitrogen-rich core also makes it suitable for use in ligands for catalytic metal complexes and in fluorescent probes for bioimaging applications. Additionally, derivatives of this compound are explored in pharmaceutical research for their potential antitumor and antimicrobial activities.