This chemical is primarily utilized as a highly efficient photocatalyst in organic synthesis, particularly in photoredox reactions. Its ability to absorb visible light and generate reactive species makes it valuable for facilitating various transformations, such as C-H functionalization, cross-coupling reactions, and polymerization processes. In materials science, it is employed in the development of light-sensitive materials and optoelectronic devices due to its photophysical properties. Additionally, it finds applications in photodynamic therapy research, where its light-activated behavior is explored for potential medical treatments. Its stability and reactivity under light exposure make it a versatile tool in both industrial and academic research settings.