Used primarily in research settings as a fluorescent probe due to its strong emission properties, this compound is valuable in studying molecular interactions and conformational changes in biological systems. Its rigid polycyclic structure allows for high photostability, making it suitable for long-term imaging applications in cellular microscopy. It has also been explored as a scaffold in the development of organic semiconductors, where its extended π-conjugation supports efficient charge transport. Additionally, derivatives of this compound are investigated for potential use in optoelectronic devices such as OLEDs, thanks to tunable emission through functional group modifications.