Used as a catalyst in organic synthesis, particularly in oxidation reactions. It shows activity in the degradation of pollutants, making it useful in environmental remediation processes.

Employed in electrochemical applications, such as in sensors and fuel cells, due to its redox activity and stability.

Applied in photodynamic therapy research for cancer treatment and as a photosensitizer in light-driven reactions, generating reactive oxygen species upon light exposure.

Its strong light absorption and semiconducting properties make it suitable for use in organic electronics, including photovoltaic cells and thin-film transistors.

Also utilized in the paint and printing ink industry as a blue or green pigment in powder and industrial coatings, owing to its high stability to light and heat.