Used as a redox-active compound in organic electronics, particularly in the development of organic semiconductors and battery materials. Its conjugated structure and electron-accepting properties make it suitable for applications in organic field-effect transistors (OFETs) and as a component in lithium-ion battery cathodes. Also employed as a catalyst or mediator in certain electrochemical reactions due to its stable quinone-based redox behavior. Additionally, it serves as a precursor in the synthesis of functional dyes and fluorescent probes for sensing applications.