This compound is widely used in the field of luminescent materials due to its strong red emission under ultraviolet light. It is commonly applied in organic light-emitting diodes (OLEDs) and as a phosphor in display technologies to enhance color purity and brightness. Additionally, it serves as a sensitive probe in biochemical assays, where its luminescent properties help in detecting and quantifying specific molecules. The compound is also utilized in advanced research for studying energy transfer processes and developing new photonic devices. Its stability and efficient luminescence make it valuable in both industrial and scientific applications.