This compound is primarily utilized in the development of organic electronic materials due to its unique conjugated structure, which facilitates efficient charge transfer. It is often incorporated into organic semiconductors for use in light-emitting diodes (LEDs) and photovoltaic cells, enhancing their performance and stability. Additionally, its fluorinated and nitrile groups make it a valuable intermediate in the synthesis of advanced pharmaceuticals, particularly in the design of molecules with specific biological activities. Its application extends to the field of fluorescent dyes, where it contributes to the creation of high-contrast imaging agents for biomedical research.