This chemical is primarily utilized in the development of organic light-emitting diodes (OLEDs) due to its excellent luminescent properties. It serves as a key component in the emissive layer, contributing to high efficiency and brightness in display and lighting technologies. Additionally, it is used in the fabrication of fluorescent sensors, where its stable fluorescence and sensitivity to environmental changes make it suitable for detecting various analytes. Its structural stability and electron-transporting capabilities also make it a candidate for use in organic photovoltaic devices, enhancing energy conversion efficiency.