Used primarily in the field of organic electronics, this compound serves as a key material in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structural properties make it suitable for use as an electron-transport layer or as a dopant to enhance the efficiency and stability of these devices. Additionally, it finds application in the synthesis of dyes and pigments due to its ability to absorb and emit light in specific wavelengths. Researchers also explore its potential in optoelectronic applications, leveraging its photophysical characteristics for advanced material design.