This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting therapeutic applications. Its structure, featuring both an alkyne and ester functional group, makes it a versatile building block for constructing complex molecules. Researchers often employ it in the synthesis of potential drug candidates, especially in the fields of oncology and neurology, where its derivatives may exhibit promising biological activities. Additionally, it is used in material science for the preparation of advanced polymers and coatings, leveraging its reactive sites for cross-linking or functionalization.