This chemical is primarily used as a phosphorescent material in organic light-emitting diodes (OLEDs). Its high efficiency and stability make it suitable for applications in display technologies, such as smartphones, televisions, and other electronic devices. Additionally, it is utilized in lighting solutions, where its ability to emit bright and pure light enhances energy efficiency and color quality. In research, it serves as a key component in developing advanced optoelectronic materials, contributing to innovations in photonics and electronics.