This chemical is primarily utilized in the development of organic semiconductors, particularly in the field of organic photovoltaics (OPVs) and organic field-effect transistors (OFETs). Its unique structure allows for efficient charge transport, making it a valuable component in the fabrication of high-performance solar cells. The compound’s ability to absorb light and convert it into electrical energy enhances the efficiency of OPVs. Additionally, its stability and solubility in organic solvents make it suitable for solution-processed device manufacturing, which is cost-effective and scalable. Researchers also explore its potential in light-emitting diodes (LEDs) and other optoelectronic devices due to its favorable electronic properties.