This chemical is primarily utilized in the development of organic electronic materials due to its unique photophysical properties. It is often incorporated into organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices to enhance efficiency and stability. Its ability to form stable thin films makes it suitable for use in sensors and optoelectronic applications. Additionally, it is employed in research for studying charge transfer processes and as a fluorescent probe in biological imaging. Its strong absorption and emission characteristics also make it valuable in dye-sensitized solar cells and as a component in advanced materials for energy conversion.