This chemical is primarily utilized in the development of organic semiconductors, particularly in the field of organic electronics. Its unique molecular structure makes it suitable for use in organic field-effect transistors (OFETs) and organic photovoltaics (OPVs), where it contributes to efficient charge transport and light absorption. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored compounds. Its application extends to research in nonlinear optical materials, where it aids in the study of light-matter interactions for advanced optical devices.