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 development of organic light-emitting diodes (OLEDs), where it acts as an electron transport material, enhancing the efficiency and stability of the devices. Additionally, its structure makes it suitable for use in photovoltaic cells, contributing to improved charge separation and energy conversion efficiency in solar panels. The compound is also explored in the synthesis of advanced materials for sensors, where its ability to interact with various analytes can be leveraged for detecting environmental pollutants or biological molecules.