This compound is widely used in photochemistry and photophysics due to its strong luminescent properties. It serves as a photosensitizer in solar energy conversion systems, particularly in dye-sensitized solar cells (DSSCs), where it enhances light absorption and electron transfer efficiency. Additionally, it is employed in photocatalytic reactions for organic synthesis and environmental applications, such as water splitting and pollutant degradation. Its redox-active nature makes it suitable for use in electrochemical sensors and biosensors, enabling the detection of various analytes with high sensitivity. The compound is also studied in the field of molecular electronics for its potential in light-emitting devices and optoelectronic applications.