This chemical is primarily used in the field of organic electronics and photonics due to its unique luminescent properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances efficiency and color purity. Additionally, it is utilized in the synthesis of advanced materials for optoelectronic devices, such as sensors and displays, owing to its ability to emit bright and stable light. Its structural characteristics also make it a valuable building block in the design of novel fluorescent probes for biological imaging and analytical applications.