This compound is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. Its unique structure makes it suitable for use as an electron-transporting material in organic light-emitting diodes (OLEDs), enhancing device efficiency and stability. Additionally, it is employed in the fabrication of organic photovoltaic cells (OPVs), where it contributes to improved charge carrier mobility and overall performance. Its application extends to sensors, where it acts as a key component in detecting specific analytes due to its selective binding properties. Furthermore, it is explored in research for potential use in energy storage systems, such as supercapacitors, owing to its redox-active nature.