Used primarily as a key intermediate in the synthesis of macrocyclic compounds, this compound plays an important role in pharmaceutical and supramolecular chemistry. Its polyether structure enables strong coordination with metal ions, making it valuable in the development of ion sensors and selective ionophores. It is also employed in the design of crown ether-based catalysts, where it enhances reaction selectivity in organic transformations. Additionally, due to its flexible yet structured ring system, it serves as a building block in creating molecular receptors and host-guest systems for drug delivery research.