Used in organic synthesis as a building block for creating complex molecules, particularly in the development of dyes and pigments. It serves as a key intermediate in the production of polycyclic aromatic hydrocarbons, which are important in materials science for creating organic semiconductors and conductive polymers. Additionally, it is studied for its potential applications in photodynamic therapy due to its light-absorbing properties. In research, it is utilized to explore fluorescence and photochemical reactions, aiding in the development of optical materials and sensors.