The wavelet transform has been established with the Fourier transform as a data-processing method in analytical chemistry. The main fields of application in analytical chemistry are related to denoising, compression, variable reduction, and signal suppression. Analytical applications were selected showing prospects and limitations of the wavelet transform. An important aspect consists in showing the advantage of wavelet transform over Fourier transform with respect to dual localization of a signal in both the original and the transformed domain enabling principal new application fields in comparison with Fourier transform.