Novel metallophthalocyanines (M = Zn, Co) carrying four (E)-1-(furan-2-yl)-3-(4hydroxyphenyl)prop-2-en-1-one (chalcone) at the peripheral positions were sythesized. These complexes have been characterized by a combination of infrared spectroscopy (FT-IR), proton NMR (1 H-NMR), high resolution mass spectroscopy (HRMS), and ultraviolet visible (UV-Vis) spectrophotometry techniques. Also, cyclic voltammograms of these phthalocyanines were recorded and zinc phthalocyanine has one and cobalt phthalocyanine has two reduction reactions. Spectroelectrochemical investigation shows the ring-based reduction of MPcs. Pc-7 cobalt(II) phthalocyanine was investigated as a catalyst in the catalytic oxidation of 2mercaptoethanol. Turnover number, initial reaction rate, and the oxygen consumption were found in the catalytic oxidation of 2-mercaptoethanol as 16.6, 0.29, 2.52, respectively.