Used primarily in organic synthesis, it serves as a key intermediate in the production of specialty chemicals and pharmaceuticals. Its alkyne functional group makes it valuable for click chemistry reactions, particularly in the development of polymers and bioactive compounds. Additionally, it is employed in the creation of surfactants and lubricants due to its hydrophobic chain, which enhances performance in industrial applications. Its role in cross-coupling reactions also makes it useful in material science for designing advanced materials with tailored properties.