This compound is primarily utilized in the field of organic synthesis and material science due to its unique structural properties. It serves as a building block for the development of complex molecular architectures, particularly in the design of novel polymers and dendrimers. Its application extends to the pharmaceutical industry, where it is explored for its potential in drug delivery systems, owing to its ability to form stable complexes with various active pharmaceutical ingredients. Additionally, it is investigated for its role in catalysis, where it can act as a ligand to enhance the efficiency of catalytic processes in chemical reactions.