The condensation reaction between dimethyl tetraphthalate and hydrazine hydrate results in the formation of 4-formylbenzohydrazide, which was refluxed with malonic acid to obtain novel hydrazone ligand (FBH-L). The ligand was further subjected to coordinate with two metal salts viz. ZrCl4 and NiCl2 to synthesize respective transition metal(II) complexes. The ligand and its metal complexes were characterized by various spectral and analytical techniques like UV, FTIR, 1H NMR, 13C NMR, mass spectrometry, etc. The synthesized complexe were evaluated for their antibacterial and anti-angiogenic properties to determine their impact on microorganisms and the growth of blood cells, respectively and the results obtained were found to be satisfactory. Furthermore, all the metal-complexes demonstrated its efficacy as photocatalyst and also ability to remove metals from real water samples.