This compound is primarily utilized in the development of advanced organic electronic materials due to its unique photophysical properties. It is often incorporated into organic light-emitting diodes (OLEDs) to enhance their efficiency and brightness. Its structure allows for effective charge transport, making it suitable for use in optoelectronic devices. Additionally, it is explored in the field of molecular switches and sensors, where its ability to undergo reversible structural changes under light or electrical stimuli is leveraged. Researchers also study its potential in creating smart materials for data storage and display technologies.