This compound is primarily used in the development of organic electronic materials due to its unique structural properties. It serves as a key intermediate in the synthesis of advanced organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. Its electron-withdrawing groups enhance charge transport efficiency, making it valuable in improving the performance of these devices. Additionally, it finds application in the research of fluorescent dyes and sensors, where its optical properties are utilized for detection and imaging purposes. Its role in medicinal chemistry is also explored for designing bioactive molecules with potential therapeutic applications.