This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceutical intermediates. It serves as a key building block in the construction of more complex molecules, often in the synthesis of compounds with potential therapeutic applications. The ethynyl group present in the structure makes it a valuable precursor for click chemistry reactions, enabling the formation of triazole derivatives, which are widely explored in drug discovery. Additionally, its carbamate functionality provides stability and can be strategically cleaved or modified during multi-step synthetic processes. This compound is often employed in research settings to develop novel bioactive molecules, including those targeting specific enzymes or receptors in medicinal chemistry studies.