Used in research as a fluorescent probe due to its extended aromatic structure and ability to form stable complexes with metal ions. Its hydroxyl-rich framework makes it suitable for studying electron transfer processes and designing organic semiconductors. Also investigated for potential use in photodynamic therapy, where its light-sensitive properties can be harnessed to target cancer cells. Additionally, serves as a model compound in environmental studies to understand the behavior of polycyclic aromatic hydrocarbons in biological systems.