Used in organic electronics due to its extended π-conjugated structure, this compound serves as a key building block in the development of organic semiconductors. It is incorporated into materials for organic field-effect transistors (OFETs) and organic photovoltaics (OPVs), where its rigid, planar framework enhances charge carrier mobility and stability. Its electron-rich heterocyclic system also makes it suitable for use in fluorescent probes and optoelectronic devices, particularly where near-infrared emission or absorption is desired. Additionally, it has been explored in dye-sensitized solar cells and as a dopant in conductive polymers to improve device efficiency.