Used as a fluorescent probe in bioimaging due to its strong photostability and high quantum yield. Its lipophilic nature allows easy penetration into cell membranes, making it suitable for live-cell imaging. Commonly employed in tracking intracellular processes and monitoring membrane dynamics. Also utilized in optoelectronic applications, such as organic light-emitting diodes (OLEDs), where it acts as an efficient emitter in the red to near-infrared range. Its boron-containing structure enhances electron transport properties, beneficial in organic semiconductor materials.