This chemical is widely used as a chelating agent in coordination chemistry due to its ability to form stable complexes with metal ions. It is particularly valuable in the synthesis of luminescent materials and catalysts, where its structure enhances electronic properties. In analytical chemistry, it serves as a ligand for the detection and quantification of metal ions in various samples. Additionally, it is employed in the development of supramolecular assemblies and as a building block in the design of metal-organic frameworks (MOFs) for applications like gas storage and separation. Its derivatives are also explored in medicinal chemistry for potential therapeutic uses.