This chemical is primarily utilized in the development of fluorescent probes and sensors due to its unique photophysical properties. Its structure allows it to act as a sensitive marker in biological imaging, particularly for detecting specific cellular environments or biomolecules. Additionally, it has potential applications in organic electronics, where its conjugated system can contribute to the development of light-emitting materials or photovoltaic devices. Research also explores its use in analytical chemistry for the detection of metal ions or other analytes, leveraging its ability to undergo specific interactions that alter its fluorescence properties.