Used in organic synthesis as a building block for creating complex molecules. It is particularly valuable in the production of pharmaceuticals and agrochemicals due to its alkyne functional group, which allows for versatile chemical reactions. The compound is also employed in the development of specialty chemicals, such as flavors, fragrances, and polymers. Its reactivity makes it suitable for use in click chemistry, a method widely applied in drug discovery and material science. Additionally, it serves as an intermediate in the synthesis of natural products and bioactive compounds.