Used as a photosensitizer in photodynamic therapy for cancer treatment due to its ability to generate reactive oxygen species when exposed to light. Its fluorinated phenyl groups enhance cellular uptake and photostability, making it effective in targeting tumor cells. Also employed in catalysis, particularly in oxidation reactions, where it acts as a ligand for metal ions. Applied in organic electronics and sensors because of its strong light absorption and emission properties, useful in developing fluorescent probes and optical devices.