This compound is primarily utilized in advanced materials research, particularly in the development of organic semiconductors. Its unique structure makes it suitable for applications in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where it can enhance charge transport properties and improve device efficiency. Additionally, it is explored in the field of optoelectronics for its potential in creating light-sensitive materials. Its phosphorous-containing structure also lends itself to studies in coordination chemistry, where it may act as a ligand for metal complexes in catalytic processes. Researchers are investigating its use in designing novel polymers with specific electronic or optical properties, contributing to innovations in flexible electronics and energy storage technologies.