This chemical is primarily used in organic synthesis as a reactive intermediate. It serves as a building block for creating more complex molecules, particularly in the production of pharmaceuticals and agrochemicals. Its alkyne and ester functional groups make it valuable for click chemistry reactions, which are widely employed in drug discovery and material science. Additionally, it is utilized in the development of specialty polymers and coatings, where its reactivity contributes to the formation of durable and high-performance materials. In research, it is often employed to study reaction mechanisms involving alkynes and esters, aiding in the advancement of synthetic methodologies.