Used primarily in the synthesis of complex organic compounds, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its chelating properties make it valuable in metal ion detection and separation processes, often utilized in analytical chemistry for trace metal analysis. Additionally, it finds application in the development of fluorescent probes and sensors due to its ability to bind selectively with specific metal ions, aiding in biological and environmental studies. In material science, it contributes to the creation of advanced materials with specific electronic or optical properties.