This chemical is primarily utilized as a chelating agent in various coordination chemistry applications. It forms stable complexes with metal ions, making it valuable in the synthesis of metal-organic frameworks (MOFs) and other coordination polymers. Its ability to bind metals is also exploited in catalysis, where it can enhance the efficiency of certain reactions by stabilizing metal catalysts. Additionally, it finds use in analytical chemistry for the detection and quantification of metal ions in samples. In material science, it is employed in the development of luminescent materials and sensors due to its unique electronic properties. Its role in organic synthesis includes acting as a building block for more complex molecules, particularly in the creation of heterocyclic compounds.