This chemical is widely used as a chelating agent in various industries due to its ability to bind and stabilize metal ions. In water treatment, it helps control metal ions that cause scaling and corrosion, improving the efficiency and lifespan of systems. In the agricultural sector, it is used in fertilizers to enhance the availability of essential micronutrients to plants by preventing their precipitation in the soil. Additionally, it finds application in the pharmaceutical industry, where it aids in the formulation of metal-based drugs by maintaining their stability and bioavailability. Its chelating properties are also utilized in cleaning products to remove metal stains and deposits effectively.