Used primarily in coordination chemistry, it serves as a bidentate ligand, forming stable complexes with various metal ions. These complexes are often utilized in catalytic processes, including oxidation reactions and organic synthesis. It is also employed in the development of luminescent materials, where its metal complexes exhibit photophysical properties useful in sensors and light-emitting devices. Additionally, it finds application in analytical chemistry for the detection and quantification of metal ions due to its selective binding capabilities. In biochemistry, it is studied for its potential role in DNA intercalation and as a probe for understanding biological processes.