SE 340B is widely used in the pharmaceutical industry as an excipient in drug formulations. It acts as a stabilizer and emulsifier, ensuring the consistency and effectiveness of medications, particularly in injectable and oral solutions. In the food industry, it serves as a thickening agent and stabilizer, enhancing texture and shelf life in products like sauces, dressings, and dairy items. Additionally, it is employed in cosmetics and personal care products to improve the viscosity and stability of creams, lotions, and gels, providing a smooth and uniform application. Its versatility makes it a valuable component across various industries.