This compound is primarily utilized in the field of dye-sensitized solar cells (DSSCs) due to its excellent light-harvesting properties. It acts as a photosensitizer, absorbing sunlight and converting it into electrical energy efficiently. The compound's structure allows for strong absorption in the visible spectrum, making it ideal for enhancing the performance of solar cells. Additionally, its stability and ability to undergo reversible redox reactions contribute to its effectiveness in energy conversion applications. It is also studied for potential use in photocatalytic systems and other light-driven chemical processes.