This compound is primarily utilized in the field of organic electronics and photonics due to its unique optical properties. It serves as a key component in the development of advanced materials for light-emitting diodes (LEDs) and organic photovoltaic cells, where its ability to absorb and emit light efficiently is highly valued. Additionally, it is employed in the synthesis of dyes and pigments for high-performance coatings and inks, offering enhanced stability and color intensity. Its application extends to fluorescence microscopy, where it acts as a fluorescent marker for biological imaging, providing high-resolution visualization of cellular structures.