This compound is primarily utilized in advanced materials research, particularly in the development of organic semiconductors and optoelectronic devices. Its unique structure allows it to play a role in enhancing the efficiency of light-emitting diodes (LEDs) and photovoltaic cells. Additionally, it is studied for its potential application in organic field-effect transistors (OFETs) due to its ability to facilitate charge transport. In the field of polymer chemistry, it is explored as a building block for creating novel polymers with specific electronic properties. Its phosphorous-containing structure also makes it a candidate for flame retardant applications in specialized materials.