Used primarily in coordination chemistry, it serves as a ligand to form complexes with various metal ions, enhancing catalytic activity in organic reactions. It is also employed in the development of electrochemical sensors due to its ability to facilitate electron transfer processes. Additionally, it finds application in the synthesis of supramolecular structures and molecular devices, leveraging its binding properties to create organized assemblies. In research, it is utilized to study electron and energy transfer mechanisms in photochemical systems.