Used extensively in the pharmaceutical industry to enhance the solubility, stability, and bioavailability of drugs. It forms inclusion complexes with hydrophobic molecules, making them more water-soluble and easier to administer. In the food industry, it is employed to mask unpleasant tastes and odors, improve texture, and extend shelf life by encapsulating volatile compounds. It also finds applications in cosmetics for stabilizing active ingredients and controlling the release of fragrances. Additionally, it is utilized in environmental technologies for the removal of organic pollutants from water through complexation.