This chemical is primarily utilized in the field of organic electronics and optoelectronics due to its unique photophysical properties. It is often employed as a key component in the development of organic light-emitting diodes (OLEDs) and other light-emitting devices, where it enhances efficiency and color purity. Additionally, it is used in the synthesis of advanced materials for organic photovoltaics, contributing to improved light absorption and energy conversion. Its stability and ability to form complex structures make it valuable in the design of novel molecular systems for sensing applications, particularly in detecting specific analytes or environmental changes. Furthermore, it finds use in research and development of fluorescent probes and markers for biological imaging, aiding in the visualization of cellular processes.