Primarily used in coordination chemistry, it serves as a versatile ligand for forming stable complexes with various metal ions, particularly transition metals. These complexes are widely applied in catalysis, enabling efficient chemical reactions in organic synthesis. It is also utilized in the development of supramolecular structures, contributing to advancements in nanotechnology and materials science. Additionally, it plays a role in the design of luminescent materials and sensors, aiding in the detection of specific ions or molecules. Its ability to bind metal ions makes it valuable in medicinal chemistry for creating potential therapeutic agents or diagnostic tools.