This chemical is widely used as a chelating agent in various industries due to its ability to bind metal ions effectively. In agriculture, it is applied in fertilizers to improve the availability of essential micronutrients like iron, zinc, and magnesium to plants, enhancing growth and crop yield. In the food industry, it acts as a preservative by stabilizing color, texture, and flavor in processed foods, particularly in canned products, by sequestering metal ions that can cause spoilage. Additionally, it is utilized in water treatment processes to prevent scale formation and control metal contamination in industrial water systems. In pharmaceuticals, it serves as an excipient in certain medications to enhance stability and shelf life by chelating metal impurities. Its versatility makes it a valuable component in diverse applications.