This compound is primarily utilized in the development of organic semiconductors and optoelectronic devices due to its conjugated structure, which facilitates efficient electron transport. It is often incorporated into organic light-emitting diodes (OLEDs) and solar cells to enhance their performance. Additionally, its ability to form stable thin films makes it suitable for use in organic field-effect transistors (OFETs). The compound's fluorescence properties also make it a candidate for applications in bioimaging and sensor technologies. Its unique structure allows for potential use in photodynamic therapy, where it can act as a photosensitizer to target and destroy cancer cells.