This compound is primarily utilized in the field of organic electronics and photonics due to its unique optical properties. It serves as a key component in the development of advanced materials for light-emitting diodes (LEDs) and organic photovoltaic cells. Its ability to absorb and emit light efficiently makes it suitable for use in sensors and imaging technologies. Additionally, it is explored in the synthesis of novel dyes and pigments for high-performance coatings and inks, where stability and color intensity are critical. Its application in research also extends to studying charge transfer mechanisms in organic semiconductors.