This compound is primarily utilized in advanced materials research due to its unique structural properties. Its cyclic and benzenoid framework makes it a promising candidate for the development of supramolecular assemblies and host-guest chemistry. It is often employed in the design of molecular sensors and switches, leveraging its ability to interact selectively with various guest molecules. Additionally, its tetraol functional groups enhance its solubility and reactivity, making it suitable for applications in organic synthesis and as a building block for complex molecular architectures. In nanotechnology, it is explored for creating precise nanostructures and frameworks with potential uses in catalysis and molecular electronics.