Primarily used as a chelating agent in various industrial processes, it effectively binds metal ions, making it valuable in water treatment to prevent scaling and corrosion. It is also employed in the synthesis of specialty chemicals, including surfactants and corrosion inhibitors, enhancing their performance in formulations. In the pharmaceutical industry, it serves as an intermediate in the production of certain drugs and active pharmaceutical ingredients. Additionally, its application in the production of epoxy curing agents improves the durability and stability of epoxy resins. Its versatility in chemical reactions and metal ion management makes it a crucial component in multiple industrial and manufacturing sectors.