This chemical is primarily used as a phosphorescent material in organic light-emitting diodes (OLEDs). It serves as an emitter in the production of high-efficiency, long-lasting displays and lighting systems. Its unique structure allows for tuning of emission colors, making it suitable for applications in full-color displays. Additionally, it is employed in advanced optoelectronic devices due to its stability and high quantum yield. Research also explores its potential in photocatalysis and sensing technologies.