This compound is primarily utilized in the field of organic electronics due to its unique optical and electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where its ability to emit light efficiently under electrical excitation is highly valued. Additionally, it is employed in the synthesis of advanced materials for photovoltaics, enhancing the efficiency of solar cells by optimizing light absorption and charge transport. Its application extends to the field of sensors, where it is used to detect specific chemical species through changes in its fluorescence properties. Furthermore, it is explored in research for its potential use in bioimaging, leveraging its fluorescent characteristics to visualize biological processes at the cellular level.