Used as an iron supplement in pharmaceuticals to treat iron deficiency anemia, especially in patients who cannot tolerate oral iron. It is administered intravenously, allowing for rapid correction of iron levels. Commonly used in dialysis patients and those with chronic kidney disease. Also utilized in agricultural formulations to correct iron deficiency in crops, particularly in alkaline soils where iron uptake is limited. Its chelated structure enhances stability and bioavailability in both medical and agricultural applications.