This chemical is primarily used in organic synthesis as a building block for more complex molecules. Its ethynyl group makes it a valuable intermediate in click chemistry, particularly in the formation of triazoles through copper-catalyzed azide-alkyne cycloaddition (CuAAC) reactions. It is also employed in the development of pharmaceuticals and agrochemicals, where its benzoate moiety can be modified to create active compounds. Additionally, it finds application in material science for the synthesis of polymers and advanced materials with tailored properties. Its stability and reactivity make it a versatile reagent in various research and industrial processes.