Used extensively in cell culture as a nutrient and stabilizer, it supports the growth of various cell types. It is also employed in immunological assays to block non-specific binding sites, enhancing the accuracy of results. In diagnostic kits, it serves as a standard or control for protein quantification. Additionally, it is utilized in biochemical research to study protein interactions and functions. In pharmaceuticals, it acts as an excipient to improve the stability and delivery of drugs. Its ability to bind and transport molecules makes it valuable in drug delivery systems and as a carrier for therapeutic agents.