This chemical is primarily utilized as a corrosion inhibitor, especially in water treatment systems and industrial cooling processes. It effectively prevents the degradation of metal surfaces by forming a protective layer that hinders the interaction between the metal and corrosive elements. Additionally, it is employed in the formulation of detergents and cleaning agents, where it acts as a chelating agent to bind metal ions, enhancing the efficiency of the cleaning process. In the field of agriculture, it is used in certain formulations to improve the stability and effectiveness of fertilizers and pesticides. Its unique structure also makes it suitable for use in the production of specialty polymers and coatings, where it contributes to enhanced durability and performance.