SM1-71 is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). Its application is crucial in enhancing the efficiency and stability of these devices, making it a valuable component in the production of high-performance displays and lighting solutions. Additionally, SM1-71 is employed in research focused on creating advanced materials for photovoltaic cells, contributing to the improvement of solar energy conversion technologies. Its unique properties also make it a candidate for use in sensors and other optoelectronic devices, where precise control over light emission and absorption is essential.