Used extensively in industrial and laboratory settings for its chelating properties. It effectively binds metal ions, making it valuable in water treatment to prevent scale formation and corrosion. In the food industry, it acts as a preservative by stabilizing color and texture in canned products. In medicine, it is utilized in chelation therapy to remove heavy metals from the body. Additionally, it is employed in cosmetic formulations to enhance stability and shelf life. In biological research, it serves as an anticoagulant in blood samples by binding calcium ions. Its versatility makes it a crucial component in various applications across multiple industries.