This compound is primarily utilized in the field of organic electronics, particularly in the development of organic semiconductors. Its unique structure allows it to enhance the performance of organic photovoltaic (OPV) cells, contributing to improved light absorption and charge transport properties. Additionally, it is employed in the fabrication of organic field-effect transistors (OFETs), where it aids in achieving higher carrier mobility and device stability. The compound is also explored in the design of electrochromic materials, which are used in smart windows and displays due to their ability to change color in response to an electric field. Its application extends to sensors, where it is used to detect various analytes with high sensitivity and selectivity.