This chemical is primarily utilized in the field of organic electronics and materials science. It serves as a key component in the development of organic light-emitting diodes (OLEDs) due to its fluorescent properties, which enhance the efficiency and brightness of the devices. Additionally, it is used in the synthesis of complex organic compounds for research in photophysical studies, helping to understand energy transfer and charge transport mechanisms. Its application extends to the creation of sensors and probes in biochemical research, where its luminescent characteristics are exploited for detection and imaging purposes.