Used in organic synthesis as a versatile intermediate for building complex molecules. It is particularly valuable in the preparation of pharmaceuticals and bioactive compounds due to its functional groups, which allow for further chemical modifications. The compound is often employed in click chemistry reactions, where its alkyne group enables efficient coupling with azides. Additionally, it serves as a precursor in the development of agrochemicals and specialty chemicals. Its stability and reactivity make it a useful tool in research and industrial applications for creating tailored organic structures.