This chemical is primarily utilized in the field of organic electronics and photovoltaics due to its unique electronic properties. It serves as a crucial component in the development of organic light-emitting diodes (OLEDs), where it enhances the efficiency and stability of the light-emitting layers. Additionally, it is employed in the synthesis of advanced materials for solar cells, contributing to improved charge transport and energy conversion efficiency. Its role in these applications stems from its ability to facilitate electron transfer and its compatibility with various organic semiconductor matrices.