This chemical is a specialty chelating agent primarily used in analytical chemistry for binding metal ions, enabling processes such as metal ion separation and purification. It is effective in water treatment systems to remove heavy metals like lead and cadmium from wastewater, ensuring safer environmental discharge. Additionally, it is applied in the mining industry to separate and recover precious metals such as gold and silver from ores, thanks to its ability to form stable complexes that enhance extraction efficiency. It also supports the synthesis of complex compounds where precise control over metal ion interactions is essential.