This chemical is primarily used in the field of molecular encapsulation and drug delivery systems. Its structure allows it to form inclusion complexes with various guest molecules, enhancing their solubility, stability, and bioavailability. It is particularly useful in pharmaceutical formulations where controlled release of active ingredients is required. Additionally, it finds applications in analytical chemistry as a chiral selector for the separation of enantiomers in chromatography. Its brominated groups also make it a potential candidate for use in organic synthesis and as a building block for more complex chemical structures.