This chemical is primarily utilized in the field of optoelectronics and material science due to its luminescent 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 fabrication of advanced sensors that detect specific environmental changes through luminescent responses. Its unique structure allows it to be used in research focused on understanding energy transfer mechanisms in complex molecular systems, contributing to the design of more efficient photonic devices.