This compound is widely used in photochemical and electrochemical applications due to its strong light absorption and efficient electron transfer properties. It serves as a key photosensitizer in dye-sensitized solar cells (DSSCs), where it enhances the conversion of sunlight into electrical energy. Additionally, it is employed in photocatalysis for driving chemical reactions under light irradiation, particularly in water splitting and organic synthesis. Its luminescent properties make it useful in optical sensors and imaging technologies. The compound is also studied in supramolecular chemistry for designing light-responsive molecular systems.