Used in organic semiconductor materials, particularly in the development of blue-emitting layers in OLEDs (organic light-emitting diodes). Its rigid polycyclic structure provides good thermal stability and efficient fluorescence, making it suitable for display technologies and lighting applications. Also investigated as a component in photovoltaic devices due to its electron-donating properties and ability to form charge-transfer complexes. Additionally, derivatives serve as intermediates in synthesizing dyes and pharmaceuticals.