Alternatively we could use this platform to launch telescopes on passing asteroid !!While certainly possible, maintenance, resupply missions, and crew rotation would be prohibitively expensive. Think of the infrastructure we have here on Earth in support of the ISS. In order to support a space station in Lunar orbit, you'd need to duplicate that infrastructure on the Moon.
My opinion, anyway.
-Wolf sends
I don’t think we have made full use of ISS orbiting earth - though there was talk of growing crystals in zero gravity !!!There actually has been talk of a space station in a lunar orbit. Due to a number of mass concentrations (Mascons) below the lunar surface, many orbits would not be stable. But, there are some orbit orientations that seem to be stable on the order of years. It has been speculated that the lunar ascent module of Apollo 11 may still be in orbit as they have not yet identified any crash site attributed to it. But in the very long term, centuries or millennia, no orbit is probably stable. We have never found a natural moon of a moon thus far.