This chemical is primarily utilized in advanced materials research, particularly in the development of organic electronic devices. Its unique structure makes it suitable for applications in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where it can enhance charge transport and light emission efficiency. Additionally, its fluorescent properties are leveraged in molecular sensors and probes for detecting specific analytes or environmental changes. The compound is also explored in supramolecular chemistry for constructing complex architectures due to its ability to form stable, self-assembled structures. Its role in catalysis, particularly in asymmetric synthesis, is another area of interest, where it can act as a chiral ligand or catalyst in organic transformations.