This chemical is primarily used in the field of materials science, particularly in the development of conductive polymers and organic semiconductors. Its unique structure allows it to facilitate charge transfer, making it valuable in the fabrication of electronic devices such as organic field-effect transistors (OFETs) and organic light-emitting diodes (OLEDs). Additionally, it is employed in catalysis for specific organic synthesis reactions, where its palladium center plays a crucial role in enabling efficient and selective transformations. Its application in advanced materials and electronics underscores its importance in modern technological advancements.