Used in organic semiconductor materials due to its extended π-conjugated structure, this compound serves as a building block in the synthesis of functional dyes and fluorescent probes. Its electron-rich heterocyclic framework makes it suitable for applications in optoelectronic devices, including organic light-emitting diodes (OLEDs) and sensors. Additionally, it has been investigated for use in photovoltaic cells as a component in donor-acceptor systems. The compound’s rigid planar structure enhances charge transport properties, which is beneficial for improving device efficiency.