This chemical is primarily utilized in the development of advanced chelating agents, which are essential in various industrial and medical applications. Its unique structure allows it to effectively bind with metal ions, making it valuable in water treatment processes to remove heavy metals and prevent scaling in pipelines and boilers. In the medical field, it is explored for its potential use in chelation therapy to treat metal poisoning, as it can form stable complexes with toxic metals like lead and mercury, facilitating their excretion from the body. Additionally, its chelating properties are leveraged in the formulation of cleaning agents and detergents, enhancing their efficiency in removing metal stains and deposits. In research, it serves as a precursor for synthesizing complex molecules with specific metal-binding capabilities, aiding in the study of metal ion interactions in biological systems.