This compound is primarily utilized in the field of organic synthesis, particularly as a reagent in photoredox catalysis. Its unique structure enables it to act as a potent photocatalyst, facilitating various light-driven chemical reactions. It is especially effective in processes such as C-H functionalization, cross-coupling reactions, and the synthesis of complex organic molecules. Additionally, its stability and reactivity under visible light make it a valuable tool in the development of pharmaceuticals and fine chemicals. The compound's ability to generate reactive intermediates under mild conditions also contributes to its application in green chemistry, reducing the need for harsh reagents or high temperatures.