Used as a fluorescent probe in bioimaging due to its strong emission in the red to near-infrared range, allowing deep tissue visualization with minimal background interference. Its boron-containing structure enhances photostability and quantum yield, making it suitable for long-term cellular imaging. Also employed in optoelectronic devices as a light-emitting component in organic LEDs (OLEDs). The iodine moiety enables further functionalization via cross-coupling reactions, facilitating integration into larger molecular systems for sensor development.