This chemical is primarily used in the field of coordination chemistry, where it acts as a versatile ligand for metal ions. Its structure, featuring multiple donor atoms (oxygen and nitrogen), allows it to form stable complexes with various transition metals, making it valuable in the synthesis of metal-organic frameworks (MOFs) and coordination polymers. These complexes are often explored for their potential applications in catalysis, particularly in organic transformations and asymmetric synthesis. Additionally, its ability to bind metal ions makes it useful in the development of sensors for detecting metal contaminants in environmental samples. The presence of hydroxyl groups also contributes to its role in designing chelating agents for metal sequestration or removal in industrial processes.