This compound is primarily utilized in the field of coordination chemistry as a versatile ligand for the synthesis of metal complexes. Its structure, featuring multiple donor sites, allows it to effectively bind to various metal ions, enabling the formation of stable and well-defined complexes. These metal complexes are often investigated for their potential applications in catalysis, particularly in asymmetric synthesis, where the chiral environment of the ligand can induce high enantioselectivity in chemical reactions. Additionally, the compound's ability to form complexes with transition metals makes it valuable in the development of materials with specific optical or magnetic properties. Researchers also explore its use in supramolecular chemistry for the design of molecular architectures and sensors, leveraging its ability to interact with other molecules through non-covalent interactions.