This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it enhances emission efficiency and color purity. Additionally, it is employed in the synthesis of advanced materials for optoelectronic devices, such as sensors and photovoltaic cells, due to its ability to absorb and emit light effectively. Its structural characteristics also make it a valuable intermediate in the preparation of complex organic compounds for research and industrial applications.