This chemical is widely used in the development of organic electronic materials due to its excellent electron-transporting properties. It is a key component in the fabrication of organic field-effect transistors (OFETs) and organic photovoltaics (OPVs), where it enhances device efficiency and stability. Additionally, it is employed in dye-sensitized solar cells (DSSCs) as a sensitizer or co-sensitizer to improve light absorption and energy conversion. Its high thermal stability and strong luminescence also make it suitable for use in organic light-emitting diodes (OLEDs) and as a fluorescent probe in bioimaging applications. Furthermore, it finds use in the production of high-performance pigments and coatings, offering superior colorfastness and durability.