This chemical is primarily used in the field of organic electronics, particularly in the development of light-emitting diodes (LEDs) and photovoltaic devices. Its application in polymer-based LEDs (PLEDs) is significant due to its ability to emit light efficiently when an electric current is applied, making it suitable for display technologies and lighting solutions. In solar cells, it serves as an active layer material, helping to convert sunlight into electrical energy due to its semiconducting properties. Additionally, its use in organic field-effect transistors (OFETs) contributes to advancements in flexible and printable electronics. The material's solubility in organic solvents also facilitates its processing into thin films, which is essential for manufacturing these devices.