Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its ethynyl group makes it valuable for click chemistry reactions, enabling the creation of complex molecules with high precision. Additionally, it is utilized in the development of advanced materials, such as polymers and coatings, due to its ability to form stable covalent bonds. In research, it is often employed in the study of molecular interactions and the design of new chemical entities with potential therapeutic applications.