Used extensively in the field of organic electronics, particularly in the development of light-emitting diodes (LEDs) and organic photovoltaic cells due to its excellent electron-transporting properties. Its ability to form stable complexes with various metals makes it valuable in coordination chemistry, where it is utilized to create catalysts for organic synthesis. Additionally, it serves as a building block in the synthesis of more complex organic compounds, including pharmaceuticals and agrochemicals. Its fluorescence properties are exploited in biochemical research for labeling and tracking biomolecules. Furthermore, it is employed in material science for the creation of advanced polymers and coatings with specific electronic or optical characteristics.