Used as a fluorescent probe in biological imaging due to its strong emission properties in the visible range. Its structure allows for good cell membrane permeability, making it suitable for live-cell imaging to track cellular processes. Commonly employed in research settings to study protein interactions and localization within cells. Also utilized in fluorescence-based assays for detecting enzymatic activity, particularly in cancer research where it helps monitor the expression of specific biomarkers. Shows potential in photodynamic therapy due to its ability to generate reactive oxygen species upon light excitation.