This chemical is primarily utilized as a catalyst in organic synthesis, particularly in photoredox catalysis. It plays a significant role in facilitating light-driven reactions, enabling the synthesis of complex molecules under mild conditions. Its application is prominent in the development of pharmaceuticals, where it aids in constructing carbon-carbon and carbon-heteroatom bonds efficiently. Additionally, it is employed in materials science for the preparation of advanced polymers and functional materials, leveraging its ability to initiate polymerization processes through photoactivation. Its stability and reactivity under light make it a valuable tool in research and industrial settings for innovative chemical transformations.