Used primarily in organic light-emitting diodes (OLEDs), this compound serves as an efficient green phosphorescent emitter due to its high quantum yield and stability. It is applied in display technologies and lighting systems to produce bright, energy-efficient light with precise color tuning. Its use extends to advanced optoelectronic devices, where it enhances performance and longevity. Additionally, it is explored in research for potential applications in sensors and photovoltaics due to its unique photophysical properties.