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 dyes and pigments, particularly for applications requiring high stability and vibrant colors. Its structure makes it suitable for use in photochemical studies and as a sensitizer in solar energy conversion systems. Furthermore, it finds application in research focused on organic semiconductors, contributing to advancements in flexible electronics and display technologies.