This chemical is widely used in the field of organic electronics due to its excellent electron-transporting properties. It serves as a key component in the fabrication of organic light-emitting diodes (OLEDs), where it enhances device efficiency and stability. Additionally, it is employed as a ligand in coordination chemistry, forming complexes with metals for use in catalysis and photophysical studies. Its ability to act as a chelating agent makes it valuable in the development of luminescent materials and sensors. In research, it is utilized to study charge transfer processes and as a building block for advanced organic materials. It is also commonly used in analytical chemistry for the spectrophotometric determination of iron (Fe) in serum, forming a colored complex that allows for sensitive detection.