This compound is primarily utilized in the field of organic electronics, particularly in the development of advanced materials for organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its unique structure contributes to efficient charge transport properties, making it a valuable component in the synthesis of high-performance semiconducting polymers. The material is often incorporated into donor-acceptor copolymers, enhancing the light absorption and electrical conductivity of the resulting films. Its application in OPVs helps improve the power conversion efficiency of solar cells, while in OFETs, it aids in achieving higher carrier mobility and device stability. Additionally, its solubility in organic solvents facilitates solution-based processing techniques, which are crucial for large-scale manufacturing of flexible and lightweight electronic devices.