Used as a buffering agent in various biochemical and pharmaceutical applications, it helps maintain stable pH levels in solutions, ensuring optimal conditions for enzymatic reactions and protein stability. It is also employed in the formulation of cosmetic products, where it acts as a surfactant and emulsifier, enhancing the texture and stability of creams and lotions. In industrial settings, it serves as a corrosion inhibitor, protecting metal surfaces from degradation in aqueous environments. Additionally, it is utilized in the synthesis of certain polymers, contributing to the development of materials with specific properties.