This compound is primarily utilized in the field of supramolecular chemistry due to its ability to form stable complexes with metal ions, particularly alkali and alkaline earth metals. Its crown ether structure, combined with carboxylic acid groups, makes it highly effective for selective ion recognition and extraction. It is often employed in the development of ion-selective electrodes and sensors, where it helps in detecting specific metal ions in various environmental and biological samples. Additionally, it finds application in catalysis, where it facilitates reactions by stabilizing charged intermediates or transition states. Its unique structure also makes it a valuable component in the design of molecular machines and advanced materials for nanotechnology.