This chemical is primarily utilized in the field of organic electronics and photonics due to its unique photophysical properties. It is often employed as a key component in the development of organic light-emitting diodes (OLEDs), where its ability to emit light efficiently under electrical excitation is highly valued. Additionally, it serves as a building block in the synthesis of advanced materials for organic photovoltaic cells, contributing to the enhancement of light absorption and charge transport properties. Its structural characteristics also make it suitable for use in fluorescence-based sensors, where it can detect specific analytes through changes in its emission properties. Furthermore, it finds application in research and development of novel conjugated polymers, which are essential for creating flexible and lightweight electronic devices.