The aim of this work was to examine the advantages and disadvantages of using spirulina-derived pigment as a bio-based colorant for wood impregnators. It investigated the effects of three different quantities of spirulina granules on the aesthetic properties and durability of a water-based wood impregnator. The impact of this environmental friendly pigment on the overall appearance of the coatings was estimated through colorimetric measurements and observations using an optical microscope. The durability of the coatings with varying amounts of spirulina was assessed by subjecting the samples to UV-B radiation and cyclic thermal shocks and analyzing them using infrared spectroscopy and colorimetric inspections. Furthermore, the influence of additive concentration on the coating’s barrier efficiency was examined through liquid resistance and water uptake tests. Finally, the scrub test was carried out to assess the effect of the spirulina pigment on the abrasion resistance properties of the protective layers. Ultimately, this study emphasized the remarkable coloration achieved through the use of the spirulina-based additive. However, the pigment derived from natural sources exhibited significant concerns associated with deterioration caused by UV-B radiation or the fading of the phycocyanin component found in spirulina. Thus, the work underscores the importance of implementing appropriate measures to safeguard the bio-based pigment from external factors such as temperature, solar radiation, and liquids.