This chemical is primarily utilized in the development of organic electronic materials, particularly in the fabrication of organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its conjugated structure and electron-deficient properties make it an effective component in the active layer of these devices, enhancing charge transport and light absorption. Additionally, it is employed in the synthesis of low-bandgap polymers, which are critical for improving the efficiency of solar cells. The compound’s solubility in organic solvents also facilitates its processing in solution-based manufacturing techniques, making it suitable for large-scale production of flexible and lightweight electronic devices.