This compound is primarily utilized in the development of advanced organic materials, particularly in the field of optoelectronics. Its unique structure makes it suitable for applications in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where it contributes to efficient charge transport and light emission. Additionally, it is explored in the synthesis of fluorescent probes for bioimaging, leveraging its photophysical properties to detect and visualize biological molecules in research settings. Its role in polymer chemistry is also notable, as it can be incorporated into polymers to enhance their electronic and optical characteristics for use in sensors and coatings.