This chemical is a macrocyclic compound primarily utilized in the field of organic synthesis and materials science. It is employed in host-guest chemistry due to its structure, which enables the formation of stable complexes with various cations, enhancing its applications in molecular recognition and sensing. Additionally, it is explored in the development of advanced materials, such as supramolecular polymers and nanostructures, owing to its ability to self-assemble into well-defined architectures. Its unique properties also make it a candidate for research in drug delivery systems, where it can encapsulate and transport therapeutic agents effectively.