The invention relates to a chlorin compound of which an intermediary site is substituted by 4-carboxyl butyl, a preparation method of the chlorin compound, and application of the chlorin compound in the field of medicines. The preparation method comprises the following steps: (1) with pyrrole and 5-methoxycarbonyl-1-valeraldehyde as raw materials, synthesizing an important intermediate 5,10,15,20-4-(4-methoxycarbonylbutyl)-porphine; (2) in an organic solvent medium, hydrolyzing the 5,10,15, 20-4-(4-methoxycarbonylbutyl)-porphine under an alkaline condition to obtain 5,10,15,20-4-(4-carboxybutyl)-porphine; (3) reducing the 5,10,15,20-4-(4-carboxybutyl)-porphine, and performing column chromatographic separation to obtain a target compound. The target compound, as a photosensitizer, is mainly applied to treatment of tumors, port wine stains and other diseases.