This chemical is widely used in the field of organic electronics due to its excellent electron-transporting properties. It is commonly incorporated into organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells to enhance their efficiency and stability. Its ability to form thin films with high electron mobility makes it a valuable component in the development of high-performance electronic devices.

Additionally, it is utilized in the production of sensors, particularly for detecting environmental pollutants or gases, owing to its sensitivity to changes in its surroundings. Its strong fluorescence properties also make it suitable for use in fluorescent dyes and markers in biological imaging and diagnostic applications.

In the realm of materials science, it is employed as a colorant for plastics and coatings, providing vibrant and stable colors. Its thermal and chemical stability further extend its use in high-temperature and harsh environments, such as in automotive or industrial coatings.