This chemical is primarily utilized in the field of dye-sensitized solar cells (DSSCs) as a photosensitizer. Its structure allows it to efficiently absorb light and convert it into electrical energy, making it a key component in enhancing the performance of solar cells. The compound's ability to anchor onto semiconductor surfaces, such as titanium dioxide, ensures effective electron transfer, which is crucial for the cell's efficiency. Additionally, its stability under various environmental conditions makes it a reliable choice for long-term applications in renewable energy technologies.