Widely used in pharmaceutical and biomedical applications due to its amphiphilic nature and ability to self-assemble in aqueous solutions. It serves as a key component in drug delivery systems, where it forms micelles that encapsulate hydrophobic drugs, improving their solubility and bioavailability. Commonly used in controlled release formulations, including injectables and topical gels. Its thermoreversible gelation properties make it suitable for use in tissue engineering and as a scaffold material. Also employed in cosmetics and personal care products as an emulsifier, moisturizer, and stabilizer. In industrial applications, it functions as a surfactant and demulsifier in processes requiring interfacial activity. Low toxicity and biocompatibility enhance its suitability for medical and pharmaceutical use.