Somatostatin-14 (acetate) is primarily used in medical and research settings for its ability to inhibit the secretion of various hormones. It is commonly applied in the treatment of conditions like acromegaly, where it helps reduce the excessive production of growth hormone. Additionally, it is used to manage symptoms of certain gastrointestinal and pancreatic disorders, such as severe diarrhea or flushing associated with carcinoid syndrome. In clinical research, it serves as a tool to study hormone regulation and its physiological effects. Its inhibitory properties also make it valuable in controlling bleeding during surgeries, particularly in the gastrointestinal tract.