Used as a fluorescent probe in biological imaging due to its strong emission properties and ability to penetrate cell membranes. Exhibits high selectivity for specific cellular components, making it valuable in tracking molecular processes in live cells. Also employed in photodynamic therapy research, where its light-activated behavior helps target and destroy cancer cells. Its stability under physiological conditions enhances its suitability for long-term imaging studies. Additionally, it serves as a building block in the development of boron-containing organic materials for optoelectronic devices.