This chemical is primarily utilized in the field of organic electronics and material science due to its unique electronic properties. It serves as a key component in the synthesis of conductive polymers and organic semiconductors, which are essential for developing flexible electronic devices, such as organic light-emitting diodes (OLEDs) and solar cells. Its ability to facilitate electron transport makes it valuable in enhancing the efficiency of these devices. Additionally, it is employed in research focused on creating advanced materials with tailored electrical and optical properties for next-generation technologies.