Used in pharmaceuticals and biomedical applications, particularly in drug delivery systems due to its ability to form gels under specific conditions. It is also utilized in wound healing products, where it supports tissue regeneration and maintains a moist environment. Commonly found in hydrogel formulations for controlled release of therapeutic agents. Plays a role in tissue engineering scaffolds because of its biocompatibility and structural stability. Also investigated for use in anti-inflammatory and antioxidant applications.