This chemical is widely utilized as a fluorescent probe in biochemical and biophysical research due to its strong fluorescence properties. It is particularly effective in studying protein interactions, conformational changes, and membrane dynamics, as it can bind to hydrophobic regions of proteins and lipids. Additionally, it is employed in environmental monitoring to detect and analyze pollutants, leveraging its sensitivity to changes in the surrounding environment. Its ability to act as a pH sensor also makes it valuable in various analytical applications, including the study of cellular processes and the development of diagnostic tools.