This compound is primarily used as a phosphorescent material in organic light-emitting diodes (OLEDs). Its iridium-based structure makes it highly efficient in emitting light, particularly in the blue-green spectrum, which is crucial for display and lighting technologies. The compound is also utilized in photochemical research due to its strong luminescent properties, enabling studies on energy transfer and photophysical processes. Additionally, it finds application in sensors and bioimaging, where its bright emission helps in detecting specific analytes or visualizing biological structures.