Used as a chelating agent in coordination chemistry, it forms stable complexes with metal ions, making it valuable in catalysis and material science. It serves as a ligand in the synthesis of luminescent materials and metal-organic frameworks (MOFs) for applications in sensing and gas storage. In organic synthesis, it acts as a building block for creating functionalized bipyridine derivatives. Additionally, it is employed in the development of electrochemical sensors and as a precursor for dyes and pigments in the textile industry. Its role in supramolecular chemistry is also significant, particularly in the design of molecular devices and switches.