This compound is primarily utilized in the field of supramolecular chemistry due to its unique cyclic structure, which allows it to act as a host molecule. It is often employed in the development of molecular recognition systems, where it can selectively bind to specific guest molecules based on size, shape, and chemical properties. This makes it valuable in sensor technologies for detecting and measuring various substances. Additionally, its structural properties are explored in the design of advanced materials, such as polymers and frameworks, where it can impart stability and specific functionalities. Research also investigates its potential in catalysis, where it may facilitate chemical reactions by providing a structured environment for reactants.