This chemical is primarily used in the field of optoelectronics and luminescent materials due to its strong red emission under UV light. It is often employed in the development of organic light-emitting diodes (OLEDs) for displays and lighting, where its high luminescence efficiency and stability are advantageous. Additionally, it is utilized in anti-counterfeiting applications, such as security inks and markers, where its unique photophysical properties help in verifying authenticity. The compound is also explored in bioimaging and sensing, as its luminescent characteristics make it suitable for detecting specific biological molecules or cellular processes.