Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of complex molecules such as pheromones and fragrances. Its terminal alkyne and hydroxyl functional groups allow for selective reactions, including coupling reactions and derivatization through esterification or oxidation. It is also employed in the synthesis of specialty polymers and bioactive compounds where a long alkyl chain with defined functionality is required. Due to its bifunctional nature, it enables the construction of molecular architectures in pharmaceutical and agrochemical research.