Sweetened condensed milk is versatile enough to be used in an array of sweet treats, such as fudge, caramel, pie, ice cream, and even coffee and tea. It can act as a stabilizer in recipes that require a long shelf life, and also adds sweetness and creaminess to many baked goods and desserts. This condensed milk can also be used as a base for creating desserts and toppings with a variety of flavors, including chocolate, fruit, and nuts. Its consistency also makes it ideal for drizzling over pancakes and waffles with fresh fruit.