Used in organic synthesis, particularly as a precursor for the development of fluorescent dyes and pigments. It plays a role in the creation of materials for optoelectronic devices, such as organic light-emitting diodes (OLEDs), due to its ability to form stable and luminescent compounds. Additionally, it is utilized in research for designing chemical sensors that detect specific ions or molecules, leveraging its structural and electronic properties. Its application extends to the study of supramolecular chemistry, where it aids in understanding molecular interactions and assembly processes.