Used in the development of pharmaceuticals, particularly in the design of antimicrobial and antiviral agents. Shows potential in inhibiting enzyme activity, making it valuable in research for new drug candidates. Also applied in the synthesis of heterocyclic compounds for use in medicinal chemistry. Investigated for its role in metal ion sensing due to its ability to form complexes with certain transition metals. Employed in some agrochemical formulations and in the study of corrosion inhibitors.