This chemical is primarily used in the development of organic light-emitting diodes (OLEDs) due to its excellent photophysical properties. It serves as a key component in the emissive layer, contributing to high efficiency and stability in display and lighting technologies. Additionally, it is utilized in the synthesis of advanced materials for optoelectronic devices, enhancing their performance in applications such as sensors and solar cells. Its unique structure also makes it a valuable intermediate in pharmaceutical research, particularly in the development of compounds with potential therapeutic properties.