Used in supramolecular chemistry for host-guest interactions, particularly in the formation of complexes with cationic species. It is applied in molecular recognition processes, aiding in the selective binding of specific ions or molecules. This compound is also utilized in the development of advanced materials, such as sensors and switches, due to its ability to undergo conformational changes upon binding. Additionally, it plays a role in the study of molecular self-assembly and the creation of nanostructures for various technological applications.