This chemical is primarily utilized in the field of organic electronics and materials science due to its unique photophysical properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where it contributes to the enhancement of electroluminescence efficiency. Additionally, its structure makes it suitable for use in the synthesis of advanced polymers and liquid crystals, which are essential for creating high-performance displays and optical devices. The compound's ability to undergo photoisomerization also makes it valuable in the design of photoresponsive materials, which are used in smart coatings and sensors.