Used in organic electronics due to its extended π-conjugated structure, this compound serves as a building block in the synthesis of conductive polymers and ligands for metal-organic frameworks. Its rigid, planar framework enhances electron delocalization, making it suitable for applications in photovoltaic cells and light-emitting diodes (OLEDs). It is also explored in sensing technologies, particularly for metal ion detection, owing to its ability to chelate transition metals and exhibit fluorescence changes upon binding. Additionally, its structural similarity to intercalating agents allows use in DNA-binding studies and potential therapeutic agents in medicinal chemistry research.