This chemical is a specialty ligand primarily used in coordination chemistry to form complexes with transition metals, especially iron and cobalt. These complexes serve as catalysts in olefin polymerization reactions, enabling the production of polyolefins with tailored properties such as high molecular weight and branching. It is also explored in the synthesis of advanced materials and for studying reaction mechanisms in organic synthesis, though its main application is in catalytic polymerization rather than routine commodity processes.