Used primarily in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs) due to its efficient luminescent properties. Its structure allows for enhanced electron mobility and stability, making it suitable for use in high-performance display technologies. Additionally, it is explored in the synthesis of advanced photochromic materials, which are applied in smart windows and optical data storage systems. The compound's ability to undergo reversible color changes under light exposure also positions it as a candidate for use in sensors and security inks.