This chemical is primarily utilized in the field of organic electronics and photonics due to its unique optical properties. It is often employed as a key component in the synthesis of advanced materials, particularly in the development of organic light-emitting diodes (OLEDs) and photovoltaic cells. Its ability to absorb and emit light in specific wavelengths makes it valuable for creating efficient and stable light-emitting devices. Additionally, it is used in dye-sensitized solar cells to enhance light absorption and energy conversion efficiency. The compound’s stability and tunable electronic properties also make it suitable for applications in sensors and imaging technologies, where precise light interactions are critical.