This chemical is primarily utilized in the field of coordination chemistry as a chelating agent. It is particularly effective in forming stable complexes with metal ions, making it valuable in medical imaging and diagnostics. Its ability to bind to metals like gadolinium is exploited in the development of contrast agents for magnetic resonance imaging (MRI), enhancing the clarity and detail of the images. Additionally, it finds applications in the synthesis of advanced materials, where its metal-binding properties are leveraged to create catalysts or functionalized surfaces for various industrial processes. Its role in biochemical research is also notable, as it aids in the study of metal ion interactions within biological systems.