This chemical is primarily utilized in the field of advanced materials, particularly in the development of organic semiconductors and optoelectronic devices. Its unique structure, featuring multiple hydroxyl and carboxylic acid groups, makes it suitable for creating highly stable and efficient charge transport layers in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Additionally, it is employed in the synthesis of metal-organic frameworks (MOFs), where its multifunctional groups facilitate the formation of robust and porous structures. These MOFs are explored for applications in gas storage, separation, and catalysis. The compound's ability to form strong hydrogen bonds also makes it a candidate for designing self-assembled nanostructures in nanotechnology research.