This chemical is primarily used in the development of organic electronic materials due to its excellent electron-transporting properties. It is commonly incorporated into organic photovoltaics (OPVs) and organic light-emitting diodes (OLEDs) to enhance device efficiency and stability. Its ability to form stable thin films makes it suitable for use in flexible and lightweight electronic devices. Additionally, it is employed in dye-sensitized solar cells (DSSCs) as a sensitizer to improve light absorption and energy conversion. The compound’s high thermal and chemical stability also makes it a candidate for use in high-performance coatings and advanced materials research.