This chemical is primarily used in the food and beverage industry as a stabilizer and emulsifier. It helps maintain the consistency and texture of various products, such as dairy items, sauces, and dressings. In the pharmaceutical sector, it serves as an excipient in tablet formulations, aiding in the binding and disintegration of active ingredients. Additionally, it finds application in cosmetics, where it acts as a humectant, retaining moisture in skincare products. Its chelating properties also make it useful in water treatment processes, where it helps in controlling metal ion concentrations.