This chemical is primarily utilized in the field of organic electronics and photovoltaics due to its unique optical and electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances efficiency and color purity. Additionally, it is employed in the synthesis of advanced materials for solar cells, improving light absorption and energy conversion. Its stability and fluorescence make it suitable for use in bioimaging and sensor technologies, where it aids in the detection of specific molecules or cellular processes. The compound is also explored in research for its potential in creating novel luminescent materials and optoelectronic devices.