It is widely used as a chelating agent in analytical chemistry to detect and quantify metal ions such as aluminum, magnesium, and iron due to its ability to form stable complexes. In the pharmaceutical industry, it serves as a precursor for synthesizing antimicrobial and antifungal agents, leveraging its bioactive properties. Additionally, it is employed in the production of fungicides and pesticides, offering effective protection for crops. In the field of materials science, it acts as a corrosion inhibitor for metals, particularly in industrial applications. Its fluorescence properties make it useful in organic light-emitting diodes (OLEDs) and other optoelectronic devices. Furthermore, it is utilized in the preservation of wood and textiles, preventing degradation caused by microorganisms.