This compound is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the development of advanced organic materials, particularly those requiring specific electronic or photonic properties. Its unique structure makes it suitable for applications in the design of organic light-emitting diodes (OLEDs) and other optoelectronic devices, where it can enhance efficiency and stability. Additionally, it is explored in pharmaceutical research for the synthesis of novel drug candidates, owing to its potential biological activity and structural complexity. Its tetrafluoroborate salt form ensures good solubility and stability in various reaction conditions, facilitating its use in diverse chemical processes.