Used as a chelating agent in the synthesis of metal complexes, particularly in the preparation of catalysts for organic reactions. It is also employed in the production of specialty chemicals, where its ability to form stable complexes with metal ions is utilized. In the field of materials science, it serves as a precursor for the development of advanced materials, including polymers and coatings. Additionally, it finds application in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Its role in organic synthesis extends to the formation of heterocyclic compounds, which are valuable in various chemical processes.