Used in pharmaceutical formulations to enhance the solubility and stability of poorly water-soluble drugs. It forms inclusion complexes with drug molecules, improving their bioavailability and controlled release. Commonly applied in oral, nasal, and ocular delivery systems due to its low toxicity and good biocompatibility.

Also used in cosmetic products to stabilize active ingredients and reduce irritation.

In research, it serves as a carrier for drug delivery studies and in the development of nanosystems such as nanoparticles and liposomes.