This chemical is primarily used in coordination chemistry as a macrocyclic ligand due to its ability to form stable complexes with various metal ions. Its unique structure, containing four sulfur atoms, makes it particularly effective in binding to transition metals, which is useful in the development of catalysts for organic synthesis and industrial processes. Additionally, it has potential applications in the field of molecular electronics, where its metal complexes can be utilized in the design of conductive materials or sensors. Research also explores its use in environmental chemistry for the selective extraction or detection of heavy metals from solutions.