This compound is primarily utilized in the field of coordination chemistry due to its ability to act as a tridentate ligand. It forms stable complexes with various metal ions, particularly transition metals, which are essential in catalysis and material science. Its applications extend to the development of luminescent materials, where it is used to create metal complexes with unique photophysical properties. Additionally, it plays a role in the synthesis of supramolecular structures, contributing to advancements in nanotechnology and molecular devices.