This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic semiconductors. Its unique structure makes it highly effective in organic photovoltaic (OPV) devices, where it is used as a donor material to enhance the efficiency of solar cells. The compound's ability to absorb a broad range of light wavelengths and its favorable charge transport properties contribute to improved power conversion efficiencies in these devices.

Additionally, it finds application in organic field-effect transistors (OFETs), where it serves as an active layer material. Its stability and high charge carrier mobility make it suitable for use in flexible and lightweight electronic components, such as displays and sensors. The compound's compatibility with solution processing techniques also allows for cost-effective and scalable manufacturing of these devices.

In research and development, it is often explored for its potential in next-generation electronic applications, including wearable electronics and large-area electronics, due to its robust performance and adaptability in various device architectures.