This chemical is primarily utilized in the field of biochemistry and molecular biology as a chelating agent. It is effective in binding metal ions, particularly calcium and magnesium, which makes it useful in buffer solutions for various biochemical assays and experiments. Its ability to stabilize metal ions helps in maintaining the integrity of enzymatic reactions and protein functions during laboratory procedures.

Additionally, it finds application in chromatography as a component of mobile phases to improve the separation of metal-containing compounds. Its chelating properties are also leveraged in the purification of proteins and nucleic acids, where it aids in removing metal contaminants that could interfere with downstream applications.

In industrial settings, it is employed in water treatment processes to sequester metal ions, preventing scale formation and corrosion in pipelines and equipment. Its role in metal ion management extends to the formulation of cleaning agents and detergents, where it enhances the efficiency of these products by softening water and improving their cleaning performance.