Used extensively in the field of organic electronics, this compound is a key material in the development of organic light-emitting diodes (OLEDs) due to its excellent electroluminescent properties. It is also utilized in the synthesis of advanced polymers and coatings that require high thermal stability and optical clarity. Additionally, it serves as a precursor in the production of specialized dyes and pigments, offering vibrant colors and durability. Its unique structure makes it valuable in research focused on photovoltaic cells, where it enhances light absorption and energy conversion efficiency.