This compound is primarily utilized as a ligand in coordination chemistry due to its ability to form stable complexes with various metal ions. Its structure, featuring multiple nitrogen and oxygen donor sites, makes it effective in creating luminescent materials, which are often applied in organic light-emitting diodes (OLEDs) and sensors. Additionally, it is used in the development of catalysts for organic transformations, particularly in reactions requiring precise control over metal coordination environments. Its photophysical properties also make it suitable for use in fluorescence-based imaging and detection technologies.