This chemical is primarily utilized in the field of organic electronics due to its electron-accepting properties. It is often incorporated into organic semiconductors and photovoltaic materials, where it enhances the efficiency of electron transfer processes. Additionally, it is used in the synthesis of dyes and pigments, particularly for applications requiring high stability and intense coloration. Its nitro and cyano groups make it a valuable intermediate in the development of advanced materials for optoelectronic devices, such as organic light-emitting diodes (OLEDs) and solar cells.