Let $z_1, z_2 \in \mathbb C$ and $a,b \in \mathbb{R} \setminus \{0\}$. Prove that
$$|z_1|^2+|z_2|^2-|z_1^2+z_2^2|\le 2\dfrac{|az_1+bz_2|^2}{a^2+b^2}\le |z_1|^2+|z_2|^2+|z_1^2+z_2^2|$$
Attempt at a solution: Let $z=a+ib$. Then, $2\dfrac{|az_1+bz_2|^2}{a^2+b^2}$ can be simplified into the following
$$\begin{equation} 2\dfrac{|az_1+bz_2|^2}{a^2+b^2} \implies 2\left|\dfrac{\left(\dfrac{z+\bar{z}}{2}\right)z_1+\left(\dfrac{z-\bar{z}}{2i}\right)z_2}{z}\right|^2 \implies\dfrac{\left|\Re(z(z_1+iz_2))\right|^2}{|z|^2} \end{equation}$$
I tried substituting $z=a+ib; z_1=x_1+iy_1; z_2=x_2+iy_2$ but it just became a mess which I think I can't rearrange to make it something useful for proving the inequality. If possible please also provide the geometrical meaning of this inequality.