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 while minimizing damage to surrounding healthy tissues. Additionally, it is employed in the development of organic solar cells, where its light-absorbing properties enhance energy conversion efficiency. It is also utilized in artificial photosynthesis systems to mimic plant photosynthesis and convert light energy to chemical energy. Furthermore, its distinctive optical and electronic properties make it suitable for developing chemical sensors to detect various chemicals or gases. In energy storage applications, such as batteries, it helps improve energy conversion efficiency. In research, it is utilized as a model compound for studying porphyrin-based materials and their interactions in various chemical and biological systems. Its applications also extend to catalysis, particularly in oxidation reactions, where it acts as a catalyst or catalyst precursor.