This chemical is primarily utilized in the field of coordination chemistry and catalysis. It serves as a versatile ligand due to its ability to form stable complexes with various metal ions. Its application is significant in the development of efficient catalytic systems, particularly in organic synthesis and polymerization processes. The compound is also employed in the study of supramolecular chemistry, where it aids in the creation of complex molecular architectures. Additionally, it has potential uses in the design of new materials with specific electronic or photonic properties, making it valuable in advanced material science research.