The reason to patent a formula or family of formulae is to gain exclusive use of them for some period of time, in exchange for disclosing them to the industry for free use after the patent expires. Granted, this is usually done in order to use an innovation without competition from another maker for the same item, but patents can also be filed for the purpose of preventing use of an innovation for some reason. For instance, a machine improvement that would cost too much to manufacture to be a practical improvement on an existing product might be patented to protect against a competitor coming up with a cheaper way to build it, making it competitive.
Now, I don't know what Kodak's aim was in this case, in patenting a formula that they apparently never actually produced -- but it might have had to do with having a patent cover a broad range of formulations so as to defend against "My new developer has 3g metol and only 4 g of HQ, so it doesn't violate your patent."