From Vietnamese coffee to rice pudding, condensed milk is used across the globe in cooking and baking in many dessert recipes. Since it adds moisture and flavor, it often replaces liquid and sweet components in baking recipes. It is also commonly added to cakes, brownies, cookies, pies, cheesecakes, fudges, candy, truffles, and more thanks to its thick consistency and sweetness. It can even be used to make a butterscoth sauce and no-churn ice cream!