This chemical is primarily used in organic synthesis as a versatile intermediate. It is often employed in the construction of complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. Its structure, featuring an ester, a ketone, and a triple bond, makes it valuable for reactions such as cyclizations, cross-coupling, and Michael additions. It is also utilized in the synthesis of heterocycles, which are essential in drug discovery. Additionally, its reactivity allows it to serve as a precursor for the preparation of natural products and fine chemicals.