Used as a fluorescent probe in biochemical assays due to its strong emission properties, this compound is particularly effective in detecting amyloid aggregates associated with neurodegenerative diseases. Its rigid fused-ring structure allows for high binding affinity and selectivity to protein fibrils, making it valuable in diagnostic imaging and research studies focused on Alzheimer's and Parkinson’s diseases. Additionally, it serves as a scaffold in the development of kinase inhibitors for cancer therapy, showing activity against specific tyrosine kinases involved in tumor growth. The compound’s photostability and low background interference enhance its utility in cellular imaging and high-throughput screening.