This chemical is primarily utilized in advanced materials research, particularly in the development of organic semiconductors and optoelectronic devices. Its unique structure contributes to enhanced electron transport properties, making it suitable for use in organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, it serves as a key intermediate in the synthesis of complex phosphorous-containing compounds, which are valuable in creating specialized polymers and coatings with improved thermal stability and flame retardancy. Its application is also explored in the field of molecular electronics, where it aids in the design of high-performance electronic components.