This chemical is primarily utilized in the field of organic electronics and photonics due to its notable nonlinear optical properties. It is often incorporated into materials designed for second-harmonic generation, which is crucial for applications in laser technology and optical data storage. Additionally, it serves as a fluorescent probe in biochemical research, aiding in the study of molecular interactions and dynamics within biological systems. Its ability to exhibit strong fluorescence under specific conditions makes it valuable for imaging and diagnostic purposes. In material science, it is explored for the development of advanced polymers and coatings that require enhanced optical characteristics.