Used as a molecular receptor in sensor development due to its ability to selectively bind metal ions and organic molecules. Its cavity can be functionalized to enhance selectivity for specific analytes, making it valuable in environmental monitoring and clinical diagnostics. Employed in separation technologies for the extraction of heavy metals and radioactive ions from aqueous solutions. Applied in nanotechnology for constructing supramolecular assemblies and molecular machines. Also investigated in drug delivery systems for controlled release through host-guest interactions. Additionally, studied as a catalyst in chemical reactions leveraging its specific binding properties.