This chemical is primarily utilized in the field of organic electronics due to its unique optical and electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances efficiency and color purity. Additionally, it is employed in the synthesis of advanced materials for photovoltaic cells, contributing to improved light absorption and energy conversion. Its stability and tunable properties make it valuable in research focused on creating next-generation optoelectronic devices.