This compound is primarily utilized in the field of luminescent materials due to its strong red-emitting properties under UV light. It is often incorporated into organic light-emitting diodes (OLEDs) and other display technologies to enhance color performance and efficiency. Additionally, it is used in research and development of advanced optical materials, such as sensors and lasers, where its unique photophysical characteristics are leveraged. The compound also finds application in anti-counterfeiting measures, where its luminescence is used to create security features in documents and high-value products.