This chemical is primarily utilized in the field of organic electronics due to its strong light absorption and emission properties. It is often employed in the development of organic photovoltaics, where it enhances the efficiency of solar cells by improving light harvesting capabilities. Additionally, it is used in the fabrication of organic light-emitting diodes (OLEDs) to achieve high brightness and color purity. Its unique optical properties also make it suitable for applications in fluorescent sensors, particularly for detecting specific ions or molecules in analytical chemistry. Furthermore, it finds use in bioimaging, where its fluorescence aids in visualizing cellular structures and processes with high precision.