Used primarily as a chelating agent in coordination chemistry, it forms stable complexes with metal ions, making it valuable in analytical chemistry for metal ion detection and quantification. Its application extends to catalysis, where it acts as a ligand in various catalytic processes, enhancing reaction efficiency. In biochemistry, it is employed in studies of enzyme inhibition and DNA interactions due to its ability to bind to specific sites. Additionally, it finds use in the development of luminescent materials and sensors, leveraging its unique photophysical properties.