This chemical is primarily used as an iron supplement in the treatment of iron deficiency anemia. It is effective in delivering iron in a form that is easily absorbed by the body, making it suitable for patients who cannot tolerate traditional iron supplements. Additionally, it is utilized in the food industry as a fortifying agent to enhance the iron content in various food products, ensuring better nutritional value. Its chelated form helps in minimizing gastrointestinal side effects commonly associated with iron supplementation.