This compound is widely used in photochemical and electrochemical applications due to its strong light absorption and efficient electron transfer properties. It serves as a photosensitizer in dye-sensitized solar cells (DSSCs), where it enhances the conversion of sunlight into electrical energy. Additionally, it is employed in photocatalytic reactions for organic synthesis and water splitting, facilitating the generation of hydrogen as a clean energy source. Its luminescent properties make it suitable for use in optical sensors and light-emitting devices. In research, it is a key component in studying electron transfer processes and designing molecular catalysts for renewable energy systems.