This chemical is primarily utilized in the development of organic electronic materials, particularly in the field of optoelectronics. It serves as a key component in the fabrication of organic light-emitting diodes (OLEDs) due to its efficient light-emitting properties and stability. The compound is also explored in the design of organic photovoltaic (OPV) cells, where its ability to absorb and transfer energy enhances the efficiency of solar energy conversion. Additionally, it is studied in the creation of sensors and fluorescent probes, leveraging its strong photophysical characteristics for detection and imaging applications.