Used as a binding and emulsifying agent in food products, particularly in processed cheeses and baked goods, to improve texture and consistency. It is also applied in the production of paints and coatings, where it acts as a stabilizer and adhesive. In the pharmaceutical industry, it serves as a carrier for drug delivery systems, enhancing the stability and release of active ingredients. Additionally, it is utilized in cosmetics and personal care products for its film-forming and moisturizing properties.