Used as an intermediate in organic synthesis, particularly in the production of fragrances and flavors due to its ability to contribute to floral and fruity aroma profiles. It is also employed in the synthesis of vitamin E and other bioactive molecules. Its alkyne and alcohol functional groups make it valuable for constructing complex organic compounds through coupling reactions and functional group transformations. Additionally, it serves in research and development for pharmaceuticals and agrochemicals where tailored molecular structures are required.