Used primarily as a precursor in the synthesis of organic semiconductors and conductive polymers, this compound plays a crucial role in the development of materials for electronic devices such as organic light-emitting diodes (OLEDs) and field-effect transistors (OFETs). Its ability to facilitate electron transfer makes it valuable in the creation of efficient, lightweight, and flexible electronic components. Additionally, it is employed in research settings to study charge transport mechanisms in organic materials, contributing to advancements in material science and nanotechnology.