This compound is primarily utilized in the field of coordination chemistry, where it serves as a ligand in the synthesis of metal complexes. Its bipyridine structure allows it to effectively bind to metal ions, making it valuable in the development of catalysts for various organic reactions, including cross-coupling and oxidation processes. Additionally, it finds application in the design of luminescent materials due to its ability to form stable complexes with transition metals, which can exhibit photophysical properties useful in sensors and light-emitting devices. Its carboxylate ester group further enhances its versatility, enabling modifications for specific applications in material science and bioinorganic chemistry.