This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It is often employed as a key component in the development of organic light-emitting diodes (OLEDs), where it contributes to efficient electron transport and emission characteristics. Its structure allows for enhanced stability and performance in optoelectronic devices. Additionally, it is explored in the synthesis of advanced materials for solar cells, where its ability to absorb and convert light energy is leveraged to improve efficiency. Researchers also investigate its potential in dye-sensitized solar cells (DSSCs) and other photovoltaic applications due to its tunable electronic properties.