Used primarily in polymer chemistry and materials science, this compound serves as a building block for synthesizing functional polymers with unique thermal and optical properties. Its rigid, cage-like structure enhances the stability and rigidity of resulting polymers, making them suitable for high-performance engineering plastics and specialty films. It is also explored in the development of photoresists for microelectronics due to its favorable reactivity under UV light. Additionally, its oxygen-rich framework supports applications in host-guest chemistry and supramolecular systems, where it can influence molecular recognition and binding behavior.