This compound is primarily utilized in the field of organic electronics, particularly in the development of advanced materials for optoelectronic devices. It serves as a key building block in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells. Its structure allows for efficient charge transport and light absorption, making it valuable for improving the performance of these devices. Additionally, it is employed in research focused on creating novel fluorescent probes and sensors due to its ability to exhibit strong luminescence and respond to specific environmental changes.