This compound is primarily utilized in the field of organic electronics and materials science due to its unique photophysical properties. It is often employed as a luminescent material in organic light-emitting diodes (OLEDs) and other optoelectronic devices, where its ability to emit light efficiently is highly valued. Additionally, it serves as a key component in the development of fluorescent probes and sensors, particularly for detecting specific biological molecules or environmental changes. Its structural characteristics also make it a candidate for use in dye-sensitized solar cells, contributing to advancements in renewable energy technologies. In research, it is frequently studied for its potential in creating novel photonic and electronic materials with tailored properties.