This compound is primarily utilized in the field of organic light-emitting diodes (OLEDs) due to its excellent phosphorescent properties. It serves as an efficient emitter material, particularly in the development of high-performance OLED displays and lighting systems. Its ability to harvest both singlet and triplet excitons makes it highly effective in producing bright and energy-efficient light emission. Additionally, it is often employed in advanced optoelectronic research to explore new materials for next-generation electronic devices. Its stability and tunable emission characteristics also make it suitable for use in sensors and imaging applications where precise light emission is required.