This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances the efficiency and stability of the light-emitting layers. Additionally, it is employed in the synthesis of advanced materials for photovoltaic devices, contributing to improved energy conversion in solar cells. Its structure also makes it a valuable intermediate in the production of dyes and pigments, particularly for applications requiring high thermal and chemical stability. In research, it is often used as a model compound to study charge transport and photoconductivity in organic semiconductors. Furthermore, derivatives of this compound are under investigation in pharmaceutical applications for their potential biological activities in drug development.