This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances the efficiency and color purity of the emitted light. Additionally, it is employed in the synthesis of advanced materials for optoelectronic devices, contributing to improved performance in light harvesting and energy conversion applications. Its ability to absorb and emit light in specific wavelengths makes it valuable in the design of sensors and imaging agents, particularly in biological and environmental monitoring systems.