This chemical is primarily used in the field of biochemistry and molecular biology as a fluorescent probe. It is particularly effective in labeling and tracking biomolecules due to its strong fluorescence properties. Researchers utilize it to study cellular processes, such as protein interactions and localization within cells. Its ability to bind selectively to specific targets makes it valuable in imaging techniques, aiding in the visualization of complex biological systems. Additionally, it is employed in diagnostic assays to detect and quantify various biological compounds, contributing to advancements in medical research and diagnostics.