Used as a key component in pharmaceutical formulations for controlled drug release due to its ability to form stable complexes with active ingredients. Frequently employed in transdermal patches and oral dosage forms to modulate the release rate of drugs. Also utilized in cosmetic products as a thickening agent and stabilizer in emulsions and gels. Acts as a dispersant in industrial coatings and inks, improving pigment suspension and preventing settling. Commonly used in dentistry for impression materials and as a binder in tablet manufacturing. Its anhydride groups allow for easy chemical modification, making it valuable in developing water-soluble polymers and biodegradable materials.