This chemical is primarily used as a ligand in coordination chemistry, where it forms stable complexes with various metal ions. These complexes are often employed in catalytic processes, particularly in oxidation reactions, due to the unique electronic properties imparted by the ligand. It is also utilized in the synthesis of advanced materials, such as metal-organic frameworks (MOFs), which have applications in gas storage, separation, and catalysis. Additionally, its derivatives are explored in the development of luminescent materials and sensors, leveraging its ability to modulate photophysical properties. In medicinal chemistry, it serves as a building block for designing compounds with potential biological activity, particularly in targeting metal-dependent enzymes or pathways.