This chemical is primarily utilized in the development of organic semiconductors and optoelectronic materials due to its ability to facilitate charge transport and its stable electronic properties. It is often incorporated into the design of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells, where it enhances efficiency and performance. Additionally, its structure makes it suitable for use in the synthesis of dyes and pigments, particularly for applications requiring high thermal stability and colorfastness. In research, it serves as a building block for creating complex organic molecules with potential applications in advanced material science and electronics.