Used primarily as a ligand in coordination chemistry, this compound forms stable complexes with various metal ions, making it valuable in the synthesis of catalysts and materials with specific electronic properties. It is also employed in the development of luminescent materials, particularly in organic light-emitting diodes (OLEDs), due to its ability to enhance emission efficiency. Additionally, it serves as a building block in the creation of supramolecular structures and molecular sensors, where its bromine atoms can be further functionalized to tailor its reactivity and binding affinity.