This chemical is primarily utilized in organic synthesis, particularly in the creation of complex molecules due to its unique structure that includes alkene, alkyne, and alcohol functional groups. It serves as a versatile intermediate in the production of pharmaceuticals, where it can be used to construct active pharmaceutical ingredients with specific stereochemistry. Additionally, it finds application in the development of agrochemicals, contributing to the synthesis of compounds that enhance crop protection and yield. Its alkyne moiety is particularly valuable in click chemistry reactions, enabling the efficient and selective formation of carbon-carbon bonds, which is crucial in material science for creating polymers with tailored properties.