Used in drug delivery systems due to its biocompatibility and biodegradability, enabling controlled release of therapeutic agents. Enhances solubility and stability of drugs when conjugated or encapsulated. Applied in cancer therapy for tumor-targeted delivery, especially in combination with chemotherapeutic agents. Utilized in tissue engineering as a scaffold component, supporting cell growth and differentiation. Functions as a thickening or stabilizing agent in cosmetic and pharmaceutical formulations. Investigated for use in wound healing products due to its ability to support moisture retention and skin regeneration.