Widely used in the development of organic photovoltaic (OPV) devices due to its excellent light absorption and charge transport properties. It serves as a key component in the active layer of solar cells, enhancing efficiency and stability. Additionally, it is utilized in organic field-effect transistors (OFETs) for its high hole mobility, making it suitable for flexible electronics. Its application extends to organic light-emitting diodes (OLEDs), where it contributes to improved brightness and energy efficiency. The compound is also explored in sensors and other optoelectronic devices due to its tunable electronic properties.