This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of conductive polymers and organic semiconductors, which are essential for manufacturing flexible displays, solar cells, and light-emitting diodes (LEDs). Its unique structure allows for efficient charge transfer, making it suitable for use in energy storage devices like supercapacitors and batteries. Additionally, it is employed in research for creating molecular sensors and catalysts due to its ability to interact with various organic and inorganic compounds. Its application in supramolecular chemistry also aids in the design of functional materials with tailored properties.