Widely used in the synthesis of advanced materials, particularly in the development of organic semiconductors and electronic components. Its high electron-withdrawing properties make it valuable in creating efficient organic photovoltaic cells and light-emitting diodes (OLEDs). Additionally, it serves as a key intermediate in the production of agrochemicals and pharmaceuticals, where it contributes to the synthesis of compounds with biological activity. Its ability to form stable, conjugated structures also makes it useful in the design of sensors and catalysts for chemical reactions.