This chemical is primarily used in the development of advanced electrochemical sensors and biosensors. Its unique properties make it suitable for applications in detecting various biological molecules, such as DNA, proteins, and enzymes, with high sensitivity and specificity. It is also employed in the field of photodynamic therapy, where it acts as a photosensitizer to generate reactive oxygen species for targeted cancer cell destruction. Additionally, it is utilized in the study of electron transfer processes and as a luminescent probe in bioimaging to visualize cellular components and processes in real-time. Its stability and redox activity make it a valuable component in the design of optoelectronic devices and light-emitting electrochemical cells.