Chelidonic Acid Monohydrate is primarily utilized in biochemical research due to its unique properties. It serves as a key intermediate in the synthesis of various organic compounds, particularly in the development of pharmaceuticals. Its chelating ability makes it valuable in studying metal ion interactions, which is crucial in understanding enzymatic processes and designing metal-based drugs. Additionally, it is employed in analytical chemistry as a reagent for detecting and quantifying specific metal ions in solutions. Its role in plant biology research is also notable, as it helps in investigating metabolic pathways and secondary metabolite production.