Used as a lubricant and plasticizer in pharmaceuticals and cosmetics to improve texture and moisture retention. Commonly employed in drug delivery systems due to its biocompatibility and ability to enhance solubility of active ingredients. Acts as a binder in tablets and a stabilizing agent in protein formulations. Widely used in PEGylation processes to increase the circulation time of therapeutic proteins and reduce immunogenicity. Also serves as a dispersing agent in industrial applications and as a base for ointments and creams in topical formulations.