This chemical is primarily utilized in the development of organic light-emitting diodes (OLEDs), where it serves as a key component in the emissive layer to enhance efficiency and color purity. It is also employed in the production of advanced electronic displays and lighting systems due to its ability to improve performance and longevity. Additionally, it finds application in research and development for creating novel materials with tailored optoelectronic properties. Its use in photovoltaic devices is also explored to optimize energy conversion efficiency.