This chemical is primarily utilized in the development of luminescent materials due to its ability to form complexes with metal ions, particularly lanthanides. These complexes exhibit strong photoluminescence, making them valuable in applications such as organic light-emitting diodes (OLEDs) and fluorescent sensors. Additionally, it is employed in biochemical research for labeling and imaging purposes, as its fluorescence properties allow for the tracking of biological molecules in cellular studies. Its structural properties also make it a candidate for use in supramolecular chemistry, where it can contribute to the design of novel molecular assemblies and frameworks.