This chemical is primarily used as a key intermediate in the synthesis of various organic compounds, particularly in the development of advanced materials. It is widely employed in the production of light-emitting diodes (LEDs) and organic photovoltaics (OPVs) due to its ability to form stable and efficient electron-transport layers. Additionally, it serves as a building block in the creation of liquid crystals, which are essential components in display technologies such as LCDs. Its unique structure also makes it valuable in the field of supramolecular chemistry, where it is utilized to design and synthesize complex molecular architectures. Furthermore, it finds application in the pharmaceutical industry as a precursor for the development of novel drug candidates with potential therapeutic properties.