This compound is primarily used in the field of organic electronics, particularly in the development of conductive polymers. It serves as a key building block in the synthesis of materials for organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). Its structure allows for efficient charge transport, making it valuable in creating high-performance electronic devices. Additionally, it is utilized in the fabrication of electrochromic devices, where it contributes to the material's ability to change color in response to an electrical stimulus. Its application extends to sensors and biosensors, where its conductive properties enhance sensitivity and response time.