Used as a fluorescent probe in biochemical and analytical applications due to its strong fluorescence properties. It is particularly effective in studying hydrophobic environments, such as biomembranes and protein binding sites, because of its sensitivity to polarity changes. Commonly employed in micelle formation studies and as a component in fluorescence spectroscopy to monitor molecular interactions. Also utilized in the development of sensors for detecting specific ions or molecules in solution. Its high quantum yield and environmental sensitivity make it valuable in research settings focused on molecular dynamics and conformational changes.