Used primarily in the field of organic electronics, this compound serves as a key material in the development of light-emitting diodes (LEDs) and organic photovoltaic cells due to its excellent fluorescence properties. Its ability to absorb and emit light efficiently makes it valuable in the creation of sensors and imaging agents for biological and chemical detection. Additionally, it is utilized in research focused on molecular electronics, where its structure aids in the study of charge transfer and energy migration processes. The compound's stability and electronic characteristics also contribute to advancements in the design of novel organic semiconductors.