Widely used in organic light-emitting diode (OLED) devices as a phosphorescent emitter, this compound enables high-efficiency red to near-infrared emission. It is particularly valued in display technologies and solid-state lighting due to its strong spin-orbit coupling and long-lived excited states, which facilitate efficient conversion of electrical energy into light. The chemical’s robust thermal and electrochemical stability allows for durable device performance. Its ligand structure supports fine-tuning of emission color and improved electron transport, making it suitable for use in vapor-deposited small-molecule OLEDs. Commonly found in emissive layers of advanced OLED stacks, it contributes to high external quantum efficiency and color purity in next-generation screens and lighting panels.