Used in the food industry as a low-calorie sweetener due to its mild sweetness and low glycemic index, making it suitable for diabetic and sugar-free products. Also serves as an intermediate in the synthesis of certain pharmaceuticals, including compounds used in treating neuropathic pain and diabetic complications. Commonly employed as a stabilizer and bulking agent in chewable tablets and lozenges. Additionally, utilized in cosmetic formulations for its humectant properties, helping to retain moisture in skin and hair products.