Used as a corrosion inhibitor for metals in acidic environments, particularly effective in protecting carbon steel and copper alloys. It forms a protective layer on metal surfaces by adsorbing through sulfur and nitrogen atoms, reducing degradation in industrial cleaning and oil well acidizing processes. Also investigated for its biological activity, showing potential as an antimicrobial and antifungal agent, with derivatives explored for anti-inflammatory, antioxidant, anticancer, and analgesic properties in pharmaceutical research. Additionally, serves as a ligand in coordination chemistry, forming stable complexes with transition metals for use in catalysis and material science.