This chemical is primarily utilized in the field of analytical chemistry as a chelating agent. It forms stable complexes with metal ions, making it valuable for the detection and quantification of metals such as copper, nickel, and cobalt in various samples. Its application extends to environmental monitoring, where it helps in assessing metal contamination in water and soil. Additionally, it is used in research laboratories for studying metal-ligand interactions and developing new analytical methods. Its selective binding properties make it a useful tool in metallurgical analysis and quality control processes in industries dealing with metal processing and manufacturing.