Used in drug delivery systems due to its biodegradability and biocompatibility, enabling controlled release of therapeutic agents. Enhances solubility and stability of drugs when conjugated or encapsulated. Applied in cancer therapy as a carrier for tumor-targeted delivery, especially in conjugating with anticancer drugs like doxorubicin. Utilized in tissue engineering as a scaffold component because of its structural similarity to natural extracellular matrix components. Acts as a thickening or stabilizing agent in cosmetic and pharmaceutical formulations. Investigated for use in wound healing products due to its non-toxic and moisture-retaining properties.