This compound is primarily utilized in the development of organic electronic materials, particularly in organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its unique conjugated structure allows for efficient light absorption and charge transport, making it a promising candidate for use in solar cells. The material’s ability to form thin films with good stability and high conductivity enhances its application in flexible and lightweight electronic devices. Additionally, its solubility in organic solvents facilitates processing through solution-based techniques, which is advantageous for large-scale manufacturing. Researchers also explore its potential in other optoelectronic applications, such as light-emitting diodes (LEDs) and sensors, due to its tunable electronic properties.