Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring a propargyl ether group, makes it valuable for click chemistry reactions, particularly in the development of new drugs and bioactive molecules. Additionally, it is employed in the synthesis of complex organic compounds, including polymers and specialty chemicals, due to its reactivity and ability to form stable bonds. In material science, it contributes to the creation of advanced materials with specific properties, such as enhanced durability or functionality.