Applications of 555 IC Timer

Monostable multivibrator: It works as a one-shot pulse generator.

Astable multivibrator: It works as a free-running pulse generator (oscillator).
Bistable multivibrator: It works as a flip-flop (Schmitt trigger).
Other applications of 555 IC timer are found in:
DC-DC converters and digital logic probes
Waveform generators (ramp and square wave generator)
Converts an analog voltage to a pulse length in analog to digital conversion
Analog frequency meters and tachometers
Accurate clock signals
De-bounce switches
PWM (Pulse Width Modulation) and PPM (Pulse Position Modulation) circuits
Traffic signal light control circuits
Temperature measurement and control devices
Frequency Divider
Schmitt trigger
Cable tester
Pulse detector
Wiper speed control
Timer Switch
Time delay generation, precision timing and sequential timing
The 555 Timer IC are widely used in most of interesting electronic circuits and
project like Traffic Light Circuit using 555 Timer, LED Flashing circuits, police
siren, LED dice, Music Box, Metal detector, Joystick and game paddles, & low cost
line receiver, Clap switch activated circuit and lots of other projects and
circuits designs

conclusion
The 555 Timer IC is one of the most popular and most frequently used integrated
circuits. It performs an array of timing tasks in the electronic circuits and as
discussed in the applications there is a huge list of experiments which can be
performed with 555 IC. That is why it is very popular among electronics hobbyists.