Used as a fluorescent probe in bioimaging due to its strong emission and photostability. Exhibits high sensitivity to microenvironment changes, making it suitable for monitoring lipid membranes and cellular viscosity. Also applied in optoelectronic devices as an emissive component in organic light-emitting diodes (OLEDs). Its boron-containing structure enhances electron transport properties, useful in sensor development for detecting anions or volatile organic compounds.