Used extensively as a chelating agent in biochemical and molecular biology applications, it is particularly effective in binding metal ions, which helps in stabilizing enzymes and proteins during purification processes. It is also employed in buffer solutions to maintain pH stability in various experimental setups. Additionally, it finds use in the preparation of metal complexes for analytical chemistry and in the synthesis of certain pharmaceuticals where metal ion control is crucial. Its ability to form stable complexes with divalent cations makes it valuable in studies involving metal-dependent biological processes.