Used primarily in the field of organic electronics, this compound serves as a key component in the synthesis of conductive polymers. Its application is crucial in the development of organic semiconductors, which are integral to the production of flexible displays and solar cells. Additionally, it is utilized in the creation of light-emitting diodes (LEDs), where it helps improve the efficiency and stability of the light-emitting materials. The compound's ability to facilitate electron transfer makes it valuable in enhancing the performance of various electronic devices.