This compound is primarily utilized in the development of advanced materials for optoelectronic applications. Its unique structure makes it suitable for use in organic light-emitting diodes (OLEDs) due to its efficient luminescent properties. Additionally, it is employed in the fabrication of sensors, particularly for detecting specific ions or molecules, owing to its ability to exhibit changes in fluorescence upon interaction with target analytes. The compound is also explored in the field of photovoltaics, where it can enhance the performance of organic solar cells by improving light absorption and charge transport. Its stability and optical characteristics further make it a candidate for use in imaging and bio-labeling applications in scientific research.