Used in nanotechnology and materials science as a molecular template for the synthesis of carbon nanotubes with uniform diameter. Acts as a building block for creating well-defined graphene and carbon nanostructures due to its rigid, ring-shaped conjugated system. Exhibits unique optoelectronic properties, making it valuable in organic electronics, including organic light-emitting diodes (OLEDs) and sensors. Its high symmetry and ability to host guest molecules enable applications in molecular encapsulation and supramolecular chemistry. Also studied for use in quantum computing and single-molecule devices due to its stable radical forms and spin properties.