Used primarily in organic synthesis and materials science, this compound serves as a key intermediate in the development of organic semiconductors and light-emitting materials. Its structure is beneficial in creating pyrene-based derivatives for optoelectronic devices, such as OLEDs (organic light-emitting diodes), due to its ability to enhance electron transport and luminescence properties. Additionally, it is employed in research focused on fluorescence labeling and sensing applications, where its photophysical characteristics are exploited for detecting specific molecules or environmental changes.