Used extensively in pharmaceuticals to enhance the solubility and stability of poorly water-soluble drugs, improving their bioavailability. It is also employed in drug delivery systems for controlled release formulations and in cosmetics to solubilize active ingredients, stabilize formulations, and improve delivery efficiency. In the food industry, it acts as a stabilizer and flavor enhancer, encapsulating volatile compounds to maintain aroma and taste while also aiding in the protection of sensitive nutrients. Additionally, it finds applications in environmental remediation for the removal of organic pollutants from water due to its ability to form inclusion complexes with various contaminants. It serves as a versatile host molecule in scientific research for studying chemical reactions, chiral separations, and biological processes.