This chemical is primarily used as a chelating agent in various industrial and environmental applications. It is effective in binding with metal ions, making it useful in water treatment processes to remove heavy metals and other contaminants. Additionally, it finds application in the formulation of cleaning agents, where it helps in breaking down and removing mineral deposits and scales. In agriculture, it can be used to enhance the availability of essential micronutrients to plants by forming soluble complexes with metal ions in the soil. Its chelating properties also make it valuable in the pharmaceutical industry for the development of drugs that require metal ion stabilization or detoxification.