The symmetric naphthothiazolo carbocyanine is of industrial importance as green-sensitizing dye in the spectral sensitization of emulsion microcrystals in negative film-making. In this study, green-sensitizing dye was prepared by the reaction of 2-methyl-3-sulfopropyl-5-phenyl-benzoxazolium(inner salt) with triethyl orthoacetate in the presence of triethylamine. The product was identified by using various analytical tools such as Elemental analyzer, IR spectrophotometer, UV-Vis spectrophotometer, $^1H$-NMR spectrometer, TGA and DSC. The maximum absorption peak in methanol solvent was 502nm. Therefore, it was concluded that benzoxazolo carbocyanine dye can be used as green-sensitizing dye for the spectral sensitization of photographic emulsion.