This chemical is primarily utilized in the development of organic semiconductors and optoelectronic materials. It serves as a key component in the fabrication of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells due to its excellent electron-transporting properties and stability. Its structure allows for efficient charge carrier mobility, making it suitable for use in high-performance electronic devices. Additionally, it is explored in the synthesis of advanced materials for sensors and thin-film transistors, contributing to innovations in flexible and wearable electronics.