Used primarily in molecular encapsulation, this chemical is effective in forming inclusion complexes with various organic molecules, enhancing their solubility and stability in aqueous solutions. It finds application in drug delivery systems, where it improves the bioavailability of poorly soluble pharmaceuticals. Additionally, it is utilized in environmental science for the removal of organic pollutants from water by trapping them within its molecular structure. In research, it serves as a tool for studying molecular interactions and host-guest chemistry, providing insights into the behavior of complex chemical systems. Its iodine atoms also make it useful in imaging and diagnostic applications, where it can act as a contrast agent in medical imaging techniques.