Used as a thickening and stabilizing agent in cosmetic and pharmaceutical formulations, particularly in gels, lotions, and creams. It functions effectively in water-based systems, providing viscosity control and improving product texture. Also employed in the synthesis of drug delivery systems due to its ability to form complexes with active ingredients, enhancing solubility and stability. Commonly utilized in oral care products like mouthwashes and toothpastes for its film-forming and emulsifying properties. Additionally, it serves as a dispersant in industrial applications and can be modified for use in coatings and adhesives.