This chemical is primarily used as a chelating agent in the synthesis of metal complexes, particularly in the field of coordination chemistry. It forms stable complexes with various metal ions, making it valuable in the preparation of catalysts for organic reactions. Additionally, it is employed in the production of specialty chemicals, such as those used in the electronics industry for thin-film deposition processes. Its ability to stabilize metal centers also finds applications in research and development of new materials, including advanced polymers and nanomaterials.