Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. It also serves as a ligand precursor in coordination chemistry for catalysts used in cross-coupling reactions. Its structural properties make it suitable for creating metal-organic frameworks (MOFs) with potential applications in sensing and catalysis. Additionally, it has been explored in the design of functional materials for electronic and optoelectronic devices due to its ability to form stable complexes with transition metals.