Used primarily as a chelating agent in various industrial and laboratory applications, it effectively binds and removes metal ions from solutions. In agriculture, it is applied to treat micronutrient deficiencies in plants by delivering essential metals like iron and zinc in a bioavailable form. In water treatment, it helps in controlling scale formation and corrosion by sequestering calcium and magnesium ions. Additionally, it is utilized in the textile industry to improve dyeing processes by preventing metal ion interference. Its ability to stabilize metal ions also makes it valuable in pharmaceuticals for formulating certain medications.