This compound is primarily utilized in the field of organic electronics due to its unique electronic properties. It is often employed as a key component in the development of organic light-emitting diodes (OLEDs), where it contributes to efficient electron transport and emission characteristics. Additionally, it finds application in the synthesis of advanced materials for photovoltaics, enhancing the performance of organic solar cells by improving charge carrier mobility. Its structural features also make it a valuable intermediate in the production of dyes and pigments, particularly for applications requiring high stability and color intensity. In research, it is used to study charge transfer processes and to develop novel organic semiconductors.