This chemical is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. Its unique structure makes it suitable for use in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where it contributes to efficient electron transport and light absorption. Additionally, it is employed in the synthesis of metal-organic frameworks (MOFs) due to its ability to form stable, porous structures with high surface areas, which are beneficial for gas storage, separation, and catalysis applications. Its properties also make it a candidate for use in sensors and as a component in dye-sensitized solar cells (DSSCs) for enhanced performance.