This chemical is primarily utilized in the field of organic electronics and material science. It serves as a key building block in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structure allows for effective electron delocalization, enhancing the electrical and optical properties of the materials it is incorporated into. Additionally, it is used in the development of sensors and nonlinear optical materials due to its ability to interact with light and other stimuli. Its versatility makes it a valuable compound in advancing technologies related to energy conversion and optoelectronic devices.