Used in organic semiconductor materials due to its electron-rich aromatic structure, this compound serves as a building block in the synthesis of fluorescent dyes and optoelectronic devices. Its rigid fused-ring system enhances thermal stability and luminescence efficiency, making it suitable for applications in OLEDs (organic light-emitting diodes) and sensor technologies. Additionally, it is explored in photovoltaic systems as a component in donor materials for dye-sensitized solar cells. The compound’s derivatization potential allows tuning of emission wavelengths, beneficial for developing bioimaging probes and laser dyes.