This chemical is primarily utilized in the field of organic electronics and materials science due to its unique structural and electronic properties. It serves as an effective ligand in the synthesis of metal complexes, particularly in the development of luminescent materials and catalysts. Its application extends to the fabrication of organic light-emitting diodes (OLEDs), where it enhances efficiency and stability. Additionally, it is used in research for designing advanced molecular sensors and in the study of supramolecular chemistry due to its ability to form stable complexes with various metal ions.