This chemical is primarily used as a chelating agent in various industrial and chemical processes. It is effective in binding metal ions, making it valuable in water treatment applications to prevent scaling and corrosion in boilers and cooling systems. Additionally, it is utilized in the formulation of detergents and cleaning agents, where it enhances the removal of metal ions that can interfere with cleaning efficiency. In the field of agriculture, it is employed to improve the availability of micronutrients in fertilizers, promoting better plant growth. Its ability to stabilize metal ions also finds applications in the pharmaceutical industry, where it is used in the preparation of certain drugs and as a component in diagnostic reagents.