Used in organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) due to its excellent charge transport properties. It serves as a key component in the synthesis of advanced materials for display technologies. Additionally, it is employed in the creation of photoconductive materials, enhancing the efficiency of photocopiers and laser printers. Its fluorescence properties make it valuable in the design of fluorescent probes for biological imaging and sensing applications. Furthermore, it is utilized in the pharmaceutical industry as a building block for the synthesis of compounds with potential therapeutic activities, including anticancer and anti-inflammatory agents.