This compound is primarily used in the field of supramolecular chemistry due to its unique ability to form stable host-guest complexes. Its structure allows it to act as a molecular container, selectively binding to specific guest molecules, which makes it valuable in applications such as molecular recognition and sensing. Additionally, it is employed in the development of advanced materials, including molecular machines and switches, where its reversible binding properties are utilized to control mechanical motion at the molecular level. Its application extends to research in nanotechnology, where it aids in the design of functional nanostructures and devices.