This chemical is primarily utilized in the development of advanced materials for optoelectronic devices. Its unique porphyrin structure makes it highly effective in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells, where it enhances light absorption and electron transport properties. Additionally, it is employed in the synthesis of supramolecular assemblies and coordination polymers, which are critical in catalysis and sensing applications. Its ability to form stable complexes with metal ions also makes it valuable in the design of molecular sensors for detecting environmental pollutants or biological molecules. Furthermore, it is explored in photodynamic therapy (PDT) for cancer treatment due to its photosensitizing properties, which generate reactive oxygen species under light exposure to target and destroy cancer cells.