This chemical is primarily utilized in the development of advanced organic electronic materials due to its unique optical and electronic properties. It is often employed as a key component in the synthesis of organic light-emitting diodes (OLEDs), where its structure facilitates efficient light emission and charge transport. Additionally, it is explored in the creation of sensors for detecting specific analytes, leveraging its fluorescence properties for high sensitivity and selectivity. Its application also extends to photodynamic therapy, where it can act as a photosensitizer to generate reactive oxygen species for targeted cancer treatment. The compound's stability and tunable properties make it valuable in research and industrial applications focused on optoelectronics and biomedical technologies.