This complex is primarily used as a phosphorescent material in organic light-emitting diodes (OLEDs). Its high efficiency and stability make it suitable for applications in displays and lighting. The compound is also employed in photoredox catalysis, facilitating various organic transformations under mild conditions. Additionally, it serves as a photosensitizer in solar energy conversion systems, enhancing light absorption and energy transfer processes. Its unique photophysical properties are leveraged in advanced research for developing new optoelectronic devices.