Used primarily in the development of organic semiconductors, it plays a crucial role in enhancing the conductivity and efficiency of electronic devices. Its application extends to the synthesis of light-emitting diodes (LEDs) and solar cells, where it contributes to improved performance and durability. Additionally, it serves as a key intermediate in the production of pharmaceuticals, particularly in the creation of compounds with antimicrobial and anticancer properties. Its unique structure also makes it valuable in the field of material science for developing advanced polymers and coatings with specific optical and electronic characteristics.