This chemical is primarily utilized in organic synthesis and polymer chemistry. It serves as a versatile intermediate for the preparation of more complex molecules, particularly in the development of polymers and coatings. Its structure, featuring both an alkyne and ester group, makes it suitable for click chemistry reactions, such as the copper-catalyzed azide-alkyne cycloaddition (CuAAC), which is widely used in bioconjugation and material science. Additionally, it can be employed in the synthesis of functionalized materials, including hydrogels and dendrimers, due to its ability to undergo controlled polymerization reactions. Its application extends to the pharmaceutical industry, where it can be used as a building block for drug candidates or prodrugs.