Used in organic synthesis as a versatile building block for creating complex molecules. It is particularly valuable in the preparation of pharmaceuticals, agrochemicals, and fine chemicals. The compound's reactive alkyne and ester functional groups allow for various chemical transformations, such as cycloadditions, coupling reactions, and esterifications. It is also employed in the development of bioactive compounds and materials with specific properties. Its application extends to research laboratories for exploring new synthetic pathways and developing innovative chemical products.