This chemical is primarily utilized as a buffering agent in various biochemical and pharmaceutical applications. It helps maintain a stable pH environment, which is crucial for enzymatic reactions and cell culture processes. Additionally, it is employed in the formulation of personal care products, such as skin creams and lotions, to enhance stability and effectiveness. Its chelating properties also make it useful in preventing metal ion contamination in industrial processes. Furthermore, it finds application in water treatment systems to control pH levels and improve the efficiency of treatment chemicals.