This chemical is primarily used as a ligand in coordination chemistry, where it forms stable complexes with various metal ions. Its application is significant in catalysis, particularly in processes like polymerization and organic synthesis, where it helps in controlling reaction mechanisms and improving efficiency. Additionally, it is utilized in the development of advanced materials, such as metal-organic frameworks (MOFs), which have applications in gas storage, separation, and catalysis. Its role in stabilizing metal centers also makes it valuable in the study of electrochemical processes and in the design of sensors and electronic devices.