Used in organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) due to its excellent electron-transporting properties. It serves as a key component in the synthesis of materials for photovoltaic cells, enhancing efficiency in converting solar energy. Additionally, it is utilized in the creation of fluorescent sensors for detecting metal ions, owing to its strong luminescent characteristics. Its structural properties make it valuable in pharmaceutical research for designing compounds with potential biological activity.