This compound is primarily utilized in the field of fluorescent labeling and imaging due to its strong fluorescence properties. It is commonly employed in biological research to tag and track specific molecules within cells, enabling the visualization of cellular processes in real-time. Its stability and bright fluorescence make it suitable for use in fluorescence microscopy, flow cytometry, and other analytical techniques. Additionally, it is often incorporated into sensors and probes for detecting environmental changes, such as pH or the presence of specific ions, due to its sensitivity to its surroundings. Its application in medical diagnostics is also notable, where it aids in the detection of biomarkers or pathological conditions.