This chemical is primarily utilized in the synthesis of advanced materials, particularly in the development of phthalocyanine dyes and pigments. These dyes are widely employed in the textile industry for coloring fabrics due to their excellent stability and vibrant shades. Additionally, it serves as a key intermediate in the production of organic semiconductors, which are essential components in electronic devices such as solar cells, sensors, and light-emitting diodes (LEDs). Its application extends to the field of liquid crystals, where it contributes to the creation of display technologies used in screens for televisions, smartphones, and monitors. Furthermore, it is explored in research for potential use in photodynamic therapy, a treatment method for certain types of cancer, due to its ability to generate reactive oxygen species when exposed to light.