This chemical is primarily used in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where its ability to absorb and emit light efficiently is highly valued. Additionally, its structure makes it suitable for use in dye-sensitized solar cells, enhancing their performance by improving light absorption and charge transfer. In research, it is often employed as a model compound to study the behavior of perylene derivatives in various electronic applications. Its stability and solubility in organic solvents also make it a preferred choice for creating thin films and coatings in advanced material science.