Somatostatin is widely used in medical applications due to its inhibitory effects on various hormones. It is primarily employed to manage conditions like acromegaly, where it reduces the excessive production of growth hormone. Additionally, it is used to treat gastrointestinal disorders, such as severe diarrhea and bleeding, by slowing down the secretion of fluids and acids in the digestive tract. In oncology, somatostatin analogs are utilized to control symptoms of neuroendocrine tumors by inhibiting hormone secretion and tumor growth. It also plays a role in diagnostic imaging, where radiolabeled somatostatin analogs help locate tumors in the body. Overall, its therapeutic applications are centered around regulating hormone release and managing hormone-related disorders.