Used primarily as a chelating agent in various industries, it effectively binds and neutralizes metal ions, making it valuable in water treatment processes to prevent scaling and corrosion. In agriculture, it is employed to correct zinc deficiencies in crops, enhancing plant growth and yield. The chemical is also utilized in the formulation of personal care products, such as shampoos and lotions, to stabilize ingredients and improve product quality. Additionally, it finds application in the medical field as a component in certain diagnostic reagents and treatments for metal poisoning. Its ability to sequester metal ions ensures its role in maintaining the stability and efficacy of various industrial and consumer products.