Used as a fluorescent probe in biochemical and analytical applications due to its strong emission properties. It binds selectively to specific biomolecules, enabling detection and imaging in cellular environments. Its structure allows for sensitivity to environmental polarity, making it useful in studying membrane dynamics and protein interactions. Also employed in the development of sensors for metal ions and small molecules in environmental and biological samples. Shows potential in photodynamic therapy research because of its ability to generate reactive oxygen species under light exposure.