This chemical is primarily utilized in the field of organic electronics and materials science due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where its structure enables efficient light emission and charge transport. Additionally, it is employed in the synthesis of chiral materials, leveraging its stereochemistry for applications in asymmetric catalysis and chiral recognition. Its pyrene and naphthol groups also make it suitable for use in fluorescence-based sensors, particularly for detecting specific analytes or environmental changes. Furthermore, it is explored in the design of advanced molecular probes for biological imaging, taking advantage of its strong fluorescence and stability.