This compound is widely used in coordination chemistry as a ligand due to its ability to form stable complexes with various metal ions. Its application is particularly significant in the development of catalysts for organic synthesis, where it facilitates reactions such as oxidation, reduction, and coupling processes. Additionally, it is employed in biochemical research to study metal ion interactions in biological systems, aiding in the understanding of enzyme mechanisms and metal-based drug design. Its role in material science includes the synthesis of metal-organic frameworks (MOFs) and other advanced materials with potential applications in gas storage, separation, and catalysis.