This chemical is primarily used in the field of supramolecular chemistry due to its unique structure, which allows it to form host-guest complexes with various molecules. It is particularly effective in encapsulating iodine-containing compounds, making it valuable in applications such as drug delivery systems, where it can improve the solubility and stability of certain pharmaceutical agents. Additionally, it is utilized in environmental chemistry for the removal or detection of iodine-based pollutants. Its ability to selectively bind with specific molecules also makes it useful in analytical chemistry for separation and purification processes. In material science, it can be employed to modify surfaces or create functional materials with tailored properties.