Used primarily as a fluorescent probe in biochemical and analytical applications, this compound exhibits strong emission properties upon binding to specific biomolecules, making it valuable in imaging cellular structures and monitoring molecular interactions. Its unique cage-like structure allows for high photostability and selectivity in detection systems. It is also employed in sensor technologies for detecting metal ions and small organic molecules due to its ability to undergo fluorescence changes in response to environmental stimuli. Additionally, it finds use in advanced material science for developing optoelectronic devices and light-emitting sensors.