Used primarily in the field of organic electronics, this compound serves as a key building block for the synthesis of conductive polymers and organic semiconductors. Its ability to form stable, highly conjugated structures makes it valuable in the development of materials for organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, it is employed in the preparation of metal-organic frameworks (MOFs) due to its strong coordination properties with metal ions, which are useful in catalysis and gas storage applications. In analytical chemistry, it is utilized as a reagent for the detection and quantification of specific metal ions, leveraging its selective binding characteristics.