This compound is primarily used as a key intermediate in the synthesis of high-performance pigments and dyes. Its structure allows it to contribute to the development of materials with excellent lightfastness and thermal stability, making it suitable for applications in coatings, plastics, and textiles that require durable coloration. Additionally, it is utilized in the production of organic semiconductors due to its ability to facilitate electron transport, which is essential for electronic devices such as organic light-emitting diodes (OLEDs) and photovoltaic cells. Its unique properties also make it a valuable component in research focused on advanced materials for optoelectronics and energy storage systems.