Used in biomedical research and drug delivery systems due to its biocompatibility and ability to form stable complexes with various therapeutic agents. It is often employed in the development of targeted therapies, where it helps in improving the solubility and circulation time of drugs in the body. Additionally, it is utilized in the synthesis of advanced materials, such as hydrogels and nanoparticles, which are applied in tissue engineering and regenerative medicine. Its properties make it a valuable component in creating innovative solutions for medical and pharmaceutical challenges.