Used in organic synthesis as a versatile intermediate for constructing complex molecules. It is particularly valuable in the preparation of pharmaceuticals, agrochemicals, and fine chemicals. The compound's structure, featuring both an ester and a triple bond, allows for diverse chemical transformations, such as cycloaddition reactions, coupling reactions, and nucleophilic additions. It is also employed in the development of bioactive compounds and materials with specific functional properties. Additionally, its reactivity makes it suitable for use in research and development of new synthetic methodologies.