Used in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of conductive polymers, which are essential for creating flexible and lightweight electronic devices such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Additionally, its unique structure makes it suitable for applications in sensors and energy storage systems, where high conductivity and stability are required. The compound is also explored in nanotechnology for creating nanostructured materials with tailored properties.