You could use it as free fertilizer in the garden, mulch or
compost. Back in Oregon, we used to go to a lot of trouble to get kelp for this purpose! As in trips to the ocean. Our poor car...smelled of seaweed a bit after those trips.
Now I'm attempting to grow azolla in an open tank for this use, too.
But if you don't want a task that takes physical labor, finding something that eats it is a great option. Ducks and other waterfowl also love hydrilla:
Orlando Sentinel NEws - Hydrilla reduction program doesn't fly with duck hunters
I am curious as to what's feeding it. Is there runoff from any sort of farming field? Some excess nitrogen source?