Used as a key intermediate in the synthesis of antimalarial drugs, particularly in the development of compounds targeting Plasmodium species. Its structure enables strong metal chelation, making it valuable in coordination chemistry for catalyst design. Also investigated for its fluorescence properties in sensing applications, especially for detecting metal ions in environmental and biological samples. Shows potential in medicinal chemistry for anticancer and antimicrobial agent development due to its ability to intercalate DNA and inhibit specific enzymes.