This chemical is primarily utilized in the field of organic electronics and advanced materials due to its unique structural and electronic properties. It serves as a key component in the development of organic semiconductors, which are essential for creating flexible displays, solar cells, and light-emitting diodes (LEDs). Its ability to facilitate efficient charge transport makes it valuable in enhancing the performance of these devices. Additionally, it is explored in the synthesis of high-performance pigments and dyes, particularly for applications requiring exceptional stability and color intensity. Researchers also investigate its potential in photocatalytic processes, where it can contribute to environmental remediation by degrading pollutants under light exposure.