Teosinte is an interesting plant. I think there are different kinds, some annual and some
perennial. I can't remember where exactly, but I recently saw seeds for sale somewhere. I got some years back that had been crossed with modern corn and used it in my breeding projects. The pure form I grew did not flower for me because it didn't like the day length at my house. I think it might need 12hrs light, 12 hours dark or something close to it.
I don't know if it is actually used anywhere, I'd guess not much, unless the plant itself is used for animal feed. I don't think the ears themselves yield much but the plants are massive, similar in appearance but even more robust than Johnson Grass. It got probably 10 feet tall and grew lots of side shoots which would fall over and
root down.