Used as a ligand in coordination chemistry to form metal complexes with transition metals, particularly in the development of catalytic systems. Its structure allows for strong chelation, making it suitable for applications in homogeneous catalysis, such as in cross-coupling reactions and oxidation processes. Also employed in the design of photoluminescent materials and supramolecular architectures due to its ability to bind metal ions and participate in electron transfer processes. Commonly found in research related to molecular devices and sensors.