Used as a fluorescent probe in biochemical and materials science applications due to its strong π-conjugated structure and ability to form stable complexes with metal ions. Its hydroxyl groups enable hydrogen bonding and interaction with biomolecules, making it useful in studying protein-ligand interactions and DNA binding. Also employed in the development of organic semiconductors and optoelectronic devices, where its discotic liquid crystal properties support charge transport in thin-film transistors and photovoltaic cells. The hydrate form enhances solubility in polar solvents, facilitating its use in aqueous-based sensing systems.