This chemical is primarily utilized as a ligand in coordination chemistry, where it forms stable complexes with various metal ions. Its structure allows it to act as a chelating agent, making it valuable in catalysis, particularly in asymmetric synthesis and polymerization reactions. It is also employed in the development of luminescent materials and sensors due to its ability to interact with metal centers, leading to applications in optoelectronics and analytical chemistry. Additionally, it finds use in supramolecular chemistry for constructing complex architectures and in the study of molecular recognition processes.