This iridium(III) complex is primarily utilized as a photocatalyst in visible-light-mediated organic synthesis, enabling highly efficient and selective photoredox reactions such as C-H functionalization, cross-coupling, and other precise transformations. Its strong phosphorescent properties in the visible spectrum also make it valuable in optoelectronic research, including studies on energy transfer processes and luminescent materials for organic light-emitting diodes (OLEDs), displays, and lighting applications.