This chemical is primarily utilized in the development of organic electronic materials, particularly in the fabrication of organic light-emitting diodes (OLEDs). Its unique structure allows for efficient charge transport, making it a valuable component in the emissive layer of OLED devices. Additionally, it is employed in organic photovoltaic cells (OPVs) to enhance light absorption and energy conversion efficiency. Its stability and electronic properties also make it suitable for use in organic field-effect transistors (OFETs), contributing to improved device performance.