This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances efficiency and color purity. Additionally, it is employed in the synthesis of advanced materials for optoelectronic devices, such as sensors and photovoltaic cells, owing to its ability to facilitate charge transport and light absorption. Its anthracene-based structure also makes it suitable for use in fluorescence-based imaging and labeling applications in biological research.