This is midway between 10m and 6m. It is only allocated to the Amateur Radio Service and in a few countries it has been allocated for experiments only to a handful of stations. In some cases this is very reluctantly.
It is my view that others could gain access without a licence in the ISM band from 40.66-40.70 MHz as long as local conditions are fully met. You need to convince yourself of the legality. In the UK this means 10mW ERP. On WSPR, this can go a very long way. In Australia 5mW of 8m WSPR has spanned 5000km!
In the next few months in the Es season 10mW ERP will definitely allow UK stations to be copied across Europe on 8m WSPR.
With sunspot numbers high at the moment, the F2 MUF exceeds 42MHz on occasions so very long distances are possible at times with FT8 or WSPR even with QRP.
See https://sites.google.com/view/g3xbm4/home/vhfuhfmicrowaves/8m-band .