Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of contrast agents for medical imaging such as MRI. Its structure allows for effective chelation when modified, making it valuable in developing gadolinium-based contrast agents. Also employed in the preparation of functionalized polymers and as a building block in agrochemicals and specialty chemicals due to its reactive amino and hydroxyl groups. Its solubility and bifunctionality support use in epoxy curing agents and surface modifiers.