Sodium octanohydroxamate hydrate is widely used as a chelating agent in various industrial processes. It is particularly effective in the extraction and separation of metal ions, making it valuable in mineral processing and metallurgy. The compound is also utilized in the formulation of corrosion inhibitors, protecting metal surfaces from degradation in harsh environments. Additionally, it finds application in the synthesis of specialty chemicals and as a stabilizer in certain polymer systems. Its ability to form stable complexes with metal ions makes it a useful component in analytical chemistry for the detection and quantification of metals.