Used extensively in pharmaceuticals to enhance the solubility and stability of poorly water-soluble drugs. It is often employed in drug formulations to improve bioavailability and absorption. Additionally, it is utilized in the food industry as a flavor enhancer and stabilizer, helping to mask unpleasant tastes and odors. In cosmetics, it serves as a carrier for active ingredients, improving their delivery and efficacy. It also finds applications in environmental science for the removal of organic pollutants from water due to its ability to form inclusion complexes.