This compound is widely used in the field of photochemistry due to its strong light absorption and emission properties. It serves as a photosensitizer in solar energy conversion systems, particularly in dye-sensitized solar cells, where it helps in the efficient conversion of sunlight into electrical energy. Additionally, it is employed in various photocatalytic reactions, aiding in the breakdown of pollutants or the synthesis of organic compounds under light irradiation. Its luminescent characteristics also make it valuable in optical sensors and light-emitting devices, where it can detect specific analytes or emit light in response to stimuli. In research, it is utilized as a probe to study electron transfer processes and photophysical properties in complex chemical systems.