This chemical is primarily used as a solvent extractant in the separation and purification of metal ions, particularly in hydrometallurgical processes. It is highly effective in extracting rare earth elements, uranium, and other valuable metals from ores and industrial waste streams. Its selective extraction capabilities make it valuable in nuclear fuel reprocessing, where it aids in the recovery of uranium and plutonium from spent nuclear fuel. Additionally, it finds application in the production of high-purity metals for electronics and other advanced technologies. Its chemical stability and efficiency in harsh conditions make it a preferred choice in these industrial processes.