This chemical is primarily used as a macrocyclic ligand in coordination chemistry due to its ability to form stable complexes with metal ions. Its structure, featuring oxygen and nitrogen donor atoms, makes it effective for binding to transition metals, which is useful in catalytic processes and metal ion extraction. It is also employed in the development of supramolecular structures, where it aids in the assembly of complex molecular architectures. Additionally, it finds application in analytical chemistry for the selective detection and separation of specific metal ions. Its versatility in forming stable complexes makes it valuable in both industrial and research settings.