Used in research as a photosensitizer in photodynamic therapy due to its ability to generate reactive oxygen species under light exposure. Shows potential in antimicrobial applications, particularly against drug-resistant bacterial strains when activated by visible light. Also investigated for anticancer properties, where it induces apoptosis in tumor cells through mitochondrial disruption. Its lipophilic nature enhances cellular uptake, making it suitable for studying intracellular redox processes. Additionally, employed as a fluorescent probe in biochemical assays for tracking membrane dynamics and protein interactions.