This chemical is primarily used as a photosensitizer in various photochemical reactions. It plays a crucial role in organic synthesis, particularly in processes that require light activation. Its ability to absorb specific wavelengths of light makes it valuable in photopolymerization, where it initiates the curing of polymers under UV light. Additionally, it is employed in the development of advanced materials, such as light-sensitive coatings and inks. In research, it serves as a key component in studies involving photodynamic therapy, where it helps generate reactive oxygen species to target and destroy abnormal cells. Its unique properties also make it useful in the field of optoelectronics, contributing to the development of light-responsive devices.