This compound is primarily utilized in the field of organic electronics due to its unique electrochemical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs) and organic photovoltaic cells, where it acts as an electron-transport material. Its ability to stabilize charge carriers makes it valuable in enhancing the efficiency and longevity of these devices. Additionally, it is employed in the synthesis of advanced materials for optoelectronic applications, contributing to the creation of high-performance displays and energy conversion systems. Its structural characteristics also make it a potential candidate for use in sensors and molecular recognition systems.