This compound is primarily utilized in advanced materials research, particularly in the development of organic semiconductors. Its unique structure allows it to facilitate electron transport, making it suitable for use in organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, it is explored in the field of optoelectronics due to its ability to enhance the efficiency of light absorption and emission processes. Researchers also investigate its potential in creating novel phosphorescent materials for applications in sensors and display technologies. Its role in improving the performance of energy-efficient devices highlights its significance in modern technology.