Used as a photosensitizer in photodynamic therapy research due to its ability to generate reactive oxygen species under light exposure. Investigated for potential anticancer properties, particularly in studies involving light-activated cell death mechanisms. Also explored in organic electronics for its semiconducting behavior in thin-film devices. Shows application in dye-sensitized solar cells as a light-absorbing component. Limited solubility requires formulation optimization for effective use in biomedical and energy applications.