This compound is primarily utilized in the field of organic electronics and materials science due to its unique structural and electronic properties. It serves as a building block for the synthesis of complex organic molecules, particularly in the development of light-emitting diodes (LEDs) and organic photovoltaic cells. Its ability to facilitate electron transport makes it valuable in the creation of efficient and stable electronic devices. Additionally, it is employed in coordination chemistry to form metal-organic frameworks (MOFs) and other coordination polymers, which have applications in catalysis, gas storage, and separation processes. Its versatile nature also makes it a candidate for use in the design of fluorescent probes and sensors in biochemical research.