This compound is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the synthesis of organic light-emitting diodes (OLEDs), where it acts as an emissive layer material, enhancing device efficiency and color purity. Additionally, it is employed in the development of organic photovoltaic cells, contributing to improved light absorption and energy conversion. Its ability to form stable complexes with metals also makes it valuable in the creation of luminescent materials for sensors and display technologies. Furthermore, it is explored in research for potential applications in nonlinear optical materials, which are crucial for advanced photonic devices.