Used as a nutrient source in fermentation processes, particularly in the production of antibiotics, vitamins, and amino acids. It provides a readily available source of nitrogen and phosphorus, essential for microbial growth. Commonly applied in biotechnology and pharmaceutical industries to optimize cell culture media. Also utilized in some fire extinguisher formulations due to its flame-retardant properties. In agriculture, it serves as a liquid fertilizer for crops requiring quick uptake of phosphorus and nitrogen, especially in acidic soils.