This chemical is primarily utilized in the field of coordination chemistry, where it serves as a versatile ligand for forming complexes with various metal ions. Its ability to bind metals makes it valuable in the synthesis of catalysts, particularly those used in organic transformations and polymerization reactions. Additionally, it is employed in the development of luminescent materials, as its complexes often exhibit unique photophysical properties, making them suitable for applications in optoelectronics and sensors. In research, it is also used to study electron transfer processes and to design molecular devices. Its role in creating stable metal-organic frameworks (MOFs) further extends its utility in gas storage and separation technologies.