This compound is primarily utilized in the field of organic electronics due to its unique photophysical properties. It is often employed in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), where its ability to absorb and emit light efficiently is highly valued. The compound’s structure allows for fine-tuning of electronic properties, making it suitable for use in thin-film transistors and sensors. Additionally, its stability and responsiveness to light make it a candidate for applications in optical data storage and photochromic materials. Researchers also explore its potential in nonlinear optical materials for advanced technological applications.