This chemical is primarily used in the field of molecular encapsulation and drug delivery due to its unique structure, which allows it to form inclusion complexes with various molecules. It is particularly effective in enhancing the solubility and stability of poorly water-soluble drugs, making it valuable in pharmaceutical formulations. Additionally, it is utilized in chemical separation processes, where it selectively binds to specific molecules, aiding in purification and analysis. In research, it serves as a tool for studying molecular interactions and host-guest chemistry. Its ability to modify the properties of guest molecules also finds applications in catalysis and material science.