Used in the development of organic light-emitting diodes (OLEDs) due to its excellent electroluminescent properties. It enhances the efficiency and brightness of OLED displays, making it suitable for use in smartphones, TVs, and other electronic devices. Additionally, it is employed in organic photovoltaics (OPVs) to improve the light absorption and charge transport properties of solar cells. Its stability and solubility in organic solvents make it a valuable component in the production of flexible and lightweight electronic materials.