This chemical is widely used in the field of photodynamic therapy (PDT) due to its ability to generate reactive oxygen species when exposed to light. It serves as a photosensitizer, targeting and destroying cancer cells selectively. Additionally, it is employed in the development of optical sensors for detecting various gases and biomolecules, leveraging its strong absorption and emission properties. In research, it is utilized as a model compound for studying porphyrin-based materials and their interactions with other molecules. Its application extends to catalysis, where it aids in oxidation reactions and organic synthesis processes.