This chemical is widely used in the field of biomedical research and drug delivery due to its biocompatibility and ability to form hydrogels. It serves as a versatile building block for creating cross-linked networks, which are essential in developing controlled-release systems for therapeutic agents. Its hydroxyl groups allow for further functionalization, enabling the attachment of drugs, proteins, or other bioactive molecules. Additionally, it is utilized in tissue engineering as a scaffold material to support cell growth and regeneration. Its water-soluble nature and non-toxic properties make it suitable for applications in cosmetics and personal care products, where it acts as a moisturizer or stabilizer.