Used primarily as a fluorescent probe in biochemical and cellular studies, this compound is valuable for detecting and imaging reactive oxygen species (ROS) in biological systems. Its high sensitivity to ROS makes it a useful tool in research focused on oxidative stress and related diseases. Additionally, it serves as a reagent in organic synthesis for the preparation of other selenium-containing compounds. In material science, it is explored for its potential in developing optoelectronic devices due to its unique photophysical properties.