Answer: FRIENDZONE

Friendzone is a term used to describe a situation where one person, typically in a romantic context, has feelings for another person who only sees them as a friend. It usually refers to unrequited love when someone desires a romantic relationship but is instead considered just a friend by the other person.

Note: The provided meaning of the answer is for the latest New York Times crossword puzzle clue: Situation involving unrequited love. Explanations are generated by AI and may be inaccurate.