This chemical is primarily used as a key component in the production of organic light-emitting diodes (OLEDs). It serves as a phosphorescent emitter, enabling efficient light emission in OLED displays and lighting systems. Its application is crucial in enhancing the color quality and energy efficiency of devices such as smartphones, televisions, and solid-state lighting. Additionally, it is utilized in research and development of advanced materials for optoelectronic applications, contributing to innovations in display and lighting technologies.