Used in the synthesis of pharmaceuticals, particularly as an intermediate in developing antiparasitic and antiviral agents. It also serves as a building block in the preparation of coordination compounds and metal-organic frameworks due to its ability to act as a ligand. Its derivatives are explored in materials science for optoelectronic applications, including organic light-emitting diodes (OLEDs). Additionally, it finds use in agrochemicals for developing pesticides and herbicides with improved efficacy and selectivity. Furthermore, it is applied in chemical sensors for detecting heavy metals, such as copper and iron ions, due to its strong coordination properties.