Used primarily in optical and photonic applications due to its strong absorption and fluorescence properties. It is employed in the development of organic light-emitting diodes (OLEDs) and solar cells, where it enhances efficiency by improving light harvesting and energy conversion. Additionally, it is utilized in bioimaging and sensing, leveraging its fluorescent characteristics to detect and visualize biological molecules and processes. Its stability and unique photophysical properties make it valuable in advanced materials research and nanotechnology.