Used primarily as a research chemical in the development of metal ion sensors and chelating agents. Its structure allows selective binding to transition metals, making it useful in analytical chemistry for detecting trace metal ions in environmental and biological samples. Also investigated for potential applications in medicinal chemistry due to its ability to cross cell membranes and modulate metal-dependent enzyme activity. Shows promise in studies related to neurodegenerative diseases where metal ion homeostasis is disrupted. Additionally employed as a fluorescent probe in imaging techniques, leveraging its luminescent properties when complexed with certain metals.