This chemical is widely used in biochemical research as a chelating agent, particularly in studies involving metal ion binding. It is effective in sequestering metal ions, which makes it valuable in experiments where controlling metal ion concentration is crucial. Additionally, it is utilized in the preparation of buffers for protein purification and stabilization, ensuring optimal conditions for enzymatic activity. Its ability to form stable complexes with metals also finds applications in medical research, particularly in studies related to metal toxicity and detoxification processes. Furthermore, it is employed in the development of diagnostic reagents and in the synthesis of various pharmaceutical compounds where precise metal ion control is essential.