Used as a buffering agent in pharmaceuticals and biological systems to maintain stable pH levels. Commonly found in cell culture media and diagnostic reagents. Serves as a source of phosphorus and potassium in nutrient solutions for laboratory and industrial fermentation processes. Employed in food processing as an emulsifier and stabilizer, especially in dairy products and processed meats. Also utilized in agricultural formulations as a fertilizer component for high-value crops requiring precise nutrient delivery.