Primarily utilized in the field of organic light-emitting diodes (OLEDs), this compound serves as a phosphorescent emitter. Its role is crucial in enhancing the efficiency and color purity of OLED displays, contributing to the vivid and energy-efficient screens found in smartphones, televisions, and other digital devices. Additionally, it is explored in the development of advanced lighting solutions, where its ability to convert electrical energy into light efficiently is highly valued. Research also extends into its potential use in sensors and bio-imaging, leveraging its luminescent properties for precise detection and visualization.