This chemical is widely used in photochemical and electrochemical studies due to its strong luminescent properties. It serves as a photosensitizer in solar energy conversion systems, particularly in dye-sensitized solar cells (DSSCs), where it helps enhance light absorption and electron transfer efficiency. Additionally, it is employed in bioimaging and sensing applications, where its fluorescence is utilized to detect and visualize specific biological molecules or cellular processes. The compound is also explored in photocatalysis for driving chemical reactions under light irradiation, making it valuable in environmental remediation and synthetic chemistry. Its stability and redox properties further make it suitable for use in electrochromic devices and as a probe in electrochemical analysis.