Used in the synthesis of organic electronic materials, particularly in the development of light-emitting diodes (LEDs) and organic photovoltaics (solar cells). Acts as a building block for creating coordination polymers and metal-organic frameworks (MOFs) due to its ability to form stable complexes with metal ions. Employed in research for designing ligands in catalysis, especially in asymmetric synthesis and transition metal catalysis. Also studied for its potential application in creating fluorescent probes for biological imaging and sensing.