Used in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals and agrochemicals due to its reactive propargyl and aldehyde functional groups. The compound is also employed in click chemistry reactions, enabling the creation of complex molecular structures with high efficiency. Additionally, it serves as a building block in the synthesis of natural products and bioactive molecules, contributing to advancements in medicinal chemistry and drug discovery.