This chemical is primarily utilized in the field of organic electronics due to its unique photophysical properties. It is often incorporated into the development of organic light-emitting diodes (OLEDs) as a key component in the emissive layer, enhancing efficiency and color purity. Additionally, it is explored in the synthesis of advanced materials for photovoltaic devices, where its ability to absorb and emit light is leveraged to improve energy conversion rates. Researchers also investigate its potential in fluorescent probes and sensors, taking advantage of its stable and tunable fluorescence for detecting specific analytes in biological and environmental samples.