Used primarily as a fluorescent dye intermediate in organic synthesis, this compound serves in the preparation of photoactive materials for optoelectronic devices. It is employed in the development of organic light-emitting diodes (OLEDs) and sensors due to its strong fluorescence and ability to undergo photochemical reactions. Its structure allows for easy functionalization, making it valuable in creating complex aromatic systems for research and industrial applications. Additionally, it acts as a model compound in photophysical studies to understand energy transfer and emission behavior in conjugated aromatic molecules.