This formula is not exact: It assumes the current density is totally uniform in the conductor, which is not always true in practical situations. However, this formula still provides a good approximation for long thin conductors such as wires.
Deferasirox is used in the treatment of transfusional iron overload in people with thalassemia. Chelation therapy is used as a treatment for metal poisoning, including acute mercury, iron (including in cases of thalassemia), arsenic, lead, uranium, plutonium and other forms of toxic metal poisoning.
Chelation therapy has a long history of use in clinical toxicology and remains in use for some very specific medical treatments, although it is administered under very careful medical supervision due to various inherent risks.