This chemical is primarily utilized in the field of analytical chemistry as a chelating agent. It is effective in binding metal ions, making it useful in processes that require the sequestration or removal of metal contaminants. In industrial applications, it is employed in water treatment systems to prevent scaling and corrosion by complexing with metal ions present in the water. Additionally, it finds use in laboratory settings for the preparation of buffer solutions, where it helps maintain pH stability in the presence of metal ions. Its ability to form stable complexes with metals also makes it valuable in various research applications, particularly in studies involving metal ion behavior and interactions.