Used as a catalyst in oxidation reactions, particularly in the selective oxidation of hydrocarbons under mild conditions. It shows high efficiency in mimicking cytochrome P450 enzyme activity, making it valuable in biomimetic catalysis. Also employed in photochemical applications due to its strong absorption in the visible light range. Its stability and redox activity make it suitable for use in sensors and electrochemical devices. Additionally, it serves as a building block in the development of functional materials for molecular electronics and artificial photosynthetic systems.