This chemical is primarily utilized in the field of organic electronics and photonics due to its unique optical properties. It is often employed as a fluorescent dye or a photosensitizer in various applications such as organic light-emitting diodes (OLEDs) and dye-sensitized solar cells (DSSCs). Its ability to absorb and emit light efficiently makes it suitable for use in light-harvesting systems and as a component in advanced imaging technologies. Additionally, it is explored in research for developing novel materials with enhanced photophysical properties, contributing to advancements in optoelectronic devices and sensors.