This chemical is primarily used in organic synthesis as a versatile building block for creating more complex molecules. It is particularly valuable in the development of pharmaceuticals and agrochemicals due to its reactive alkyne and carboxylic acid functional groups. The compound can be employed in click chemistry reactions, such as copper-catalyzed azide-alkyne cycloaddition (CuAAC), to form triazole derivatives, which are often utilized in drug discovery and material science. Additionally, its structure allows it to act as a linker or spacer in the design of bioactive compounds, enabling the modification of drug molecules to enhance their properties, such as solubility or target specificity. In research, it is also used to study enzyme inhibition and receptor binding mechanisms, contributing to advancements in medicinal chemistry.