This compound is primarily utilized in the field of organic electronics due to its unique electronic properties. It serves as a key component in the synthesis of organic semiconductors, which are integral to the development of light-emitting diodes (LEDs) and photovoltaic cells. Its ability to facilitate electron transport makes it valuable in enhancing the efficiency of these devices. Additionally, it is employed in the creation of fluorescent probes for biochemical research, where it aids in the detection and visualization of specific biological molecules. Its application extends to material science, where it is used in the development of advanced materials with tailored optical and electronic characteristics.