Alkanet is primarily used as a dye, creating a rich red color. For this reason it is associated with blood and therefore with strength, courage, and sacrifice. Alkanet is sometimes given as an offering in place of blood. A key ingredient in ‘Fast Luck’ oil, it not only gives that oil its distinctive red hue but thereby gains an association with luck. It has a historical use in money drawing magic, and towards that same end is often utilized to repel jinxes and bad luck so that wealth can be attracted.