Used as a chelating agent in medical and industrial applications. It binds metal ions effectively, making it valuable in MRI contrast agents to enhance image quality by stabilizing gadolinium ions. Also employed in radiopharmaceuticals to reduce toxicity of radioactive metals by forming stable complexes. In laboratory settings, it helps in controlling metal contamination in biochemical assays. Its high water solubility and strong metal-binding capacity make it suitable for use in detergents and water treatment to sequester metal impurities.