This chemical is primarily used as a chelating agent in various industrial and laboratory applications. It effectively binds to metal ions, making it useful in processes where metal ion stabilization or removal is required. In water treatment, it helps in sequestering metal ions to prevent scaling and improve water quality. It is also employed in the formulation of cleaning agents, where it aids in removing metal deposits from surfaces. Additionally, it finds use in analytical chemistry as a reagent for complexometric titrations to determine metal ion concentrations. Its ability to form stable complexes with metals makes it valuable in research and industrial settings where precise metal ion control is essential.