, along with many substituted derivatives like the alkoxy-methyl derivative , can be deposited as a thin film with intrinsic semiconductor properties; said properties arise due to its radical nature and its low reduction potential compared to other metal phthalocyanines. This initially green film exhibits electrochromism; the oxidized form  is red, whereas the reduced form  is blue and the next two reduced forms are dark blue and violet, respectively. The green/red oxidation cycle can be repeated over 10,000 times in aqueous solution with dissolved alkali metal halides, before it is degraded by hydroxide ions; the green/blue redox degrades faster in water.