This chemical is primarily used in the field of materials science, particularly in the development of electrochromic devices. Its ability to undergo reversible redox reactions makes it suitable for applications in smart windows, which can change their opacity or color in response to an electrical stimulus. This property is leveraged to control light and heat transmission in buildings, enhancing energy efficiency. Additionally, it is explored for use in electronic displays and sensors due to its stable and responsive electrochemical behavior. Its unique structure also allows for potential applications in molecular electronics and as a component in advanced materials for energy storage systems.