Used as a chelating agent in coordination chemistry, it forms stable complexes with transition metals, making it valuable in catalysis and metal ion detection. It is employed in the synthesis of Schiff base complexes, which are utilized in various industrial processes, including polymerization and organic synthesis. Additionally, it finds application in analytical chemistry for the selective extraction and determination of metal ions. Its ability to bind metals also makes it useful in corrosion inhibition, protecting metal surfaces in industrial settings. Furthermore, it is explored in material science for developing advanced materials with specific optical or magnetic properties.