This chemical is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent electron-transporting properties and high thermal stability. It serves as a key component in the emissive layer of OLED devices, enhancing their efficiency and longevity. Additionally, it is employed in the synthesis of advanced materials for optoelectronic applications, including sensors and photovoltaic cells, where its ability to facilitate charge transfer is highly valued. Its unique structure also makes it suitable for use in organic semiconductors, contributing to the advancement of flexible electronics and display technologies.