This chemical is widely used in the field of coordination chemistry as a versatile ligand due to its ability to form stable complexes with various metal ions. Its application is particularly significant in the development of metal-organic frameworks (MOFs), where it acts as a building block to create porous structures with potential uses in gas storage, separation, and catalysis. Additionally, it is employed in the synthesis of luminescent materials, where its complexes with lanthanides or transition metals exhibit unique optical properties, making it suitable for applications in sensors and light-emitting devices. The compound is also explored in the design of supramolecular systems and molecular electronics, leveraging its structural rigidity and functional groups for precise molecular assembly and charge transfer properties.

Furthermore, it is utilized in dye-sensitized solar cells (DSSCs) to enhance the efficiency of converting light energy into electricity. In analytical chemistry, it serves as an indicator or probe for detecting heavy metals, owing to its ability to form colored complexes that aid in the inspection and quantification of metals in environmental or biological samples. Research also investigates its potential in medicine, such as developing drugs or compounds for cancer treatment, due to its capacity to bind metals and form biologically active complexes.