This chemical is primarily utilized in the field of organic electronics and materials science. It serves as a key component in the synthesis of advanced polymers and small molecules used in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its unique structure allows for efficient electron transport and stability, making it suitable for high-performance electronic devices. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with various organic and inorganic compounds. Its application extends to research and development of novel materials with tailored electronic properties.