Used as a photochromic compound in optical data storage and molecular switches due to its reversible light-induced ring-closing and opening reactions. Exhibits excellent fatigue resistance and thermal stability, making it suitable for high-performance optoelectronic devices. Applied in the development of smart windows and sensors where rapid and reversible color change is required. Also explored in biological imaging and lab-on-a-chip systems for its ability to be activated with specific wavelengths of light.