Used as a starting material in the synthesis of complex organic compounds, particularly in research on organic electronic materials such as organic light-emitting diodes (OLEDs). Due to its structure, it promotes electron mobility and exhibits high thermal and photostability, making it suitable for use in hole-transporting or electron-transporting layers in electronic devices. Additionally, it is studied for its role as a catalyst in energy transfer processes and in creating highly efficient fluorescent materials for applications in chemical sensors and photodetection systems.