This compound is primarily utilized in the field of organic electronics, particularly in the development of organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its unique structure allows for excellent charge transport properties, making it a promising material for use in the active layers of solar cells. The compound's ability to absorb a broad range of light wavelengths enhances the efficiency of energy conversion in photovoltaic devices. Additionally, its stability and solubility in organic solvents facilitate its processing into thin films, which is crucial for the fabrication of flexible and lightweight electronic components. Researchers are also exploring its potential in other applications, such as sensors and light-emitting diodes (LEDs), due to its favorable electronic characteristics.