Used in nanotechnology and materials science for its unique structure, which allows it to act as a building block for carbon nanotubes. Its precise ring-like shape enables the creation of uniform nanomaterials with potential applications in electronics, photonics, and energy storage. Additionally, it is studied for its potential use in molecular recognition and as a host for guest molecules in supramolecular chemistry. Its ability to encapsulate other molecules makes it promising for drug delivery systems and catalysis. Research is ongoing to explore its use in advanced sensors and as a component in organic electronic devices.