Used extensively in the pharmaceutical industry as a solubilizing agent and to improve the bioavailability of poorly soluble drugs. It is a key component in the formulation of various injectable medications, where it helps to stabilize proteins and peptides, reducing immunogenicity and increasing circulation time in the body.

In the field of bioconjugation, it is employed to modify therapeutic proteins, enzymes, and other biomolecules, enhancing their stability and reducing the risk of immune responses. This modification is particularly useful in the development of long-acting drug formulations.

Additionally, it finds application in the cosmetics industry, where it is used as a moisturizing agent and to improve the texture and spreadability of creams and lotions. Its water-soluble nature makes it a versatile ingredient in personal care products.

In industrial applications, it serves as a lubricant and plasticizer, contributing to the flexibility and durability of various materials. It is also utilized in the production of adhesives, coatings, and inks, where it acts as a viscosity modifier and dispersing agent.

Overall, its versatility and biocompatibility make it a valuable component in a wide range of products across multiple industries.