This chemical is primarily utilized in the synthesis of advanced materials and pharmaceutical intermediates. Its structure, featuring a propynyloxy group and a carboxylic acid moiety, makes it a valuable building block in organic synthesis. It is often employed in the development of liquid crystal compounds, which are essential for display technologies such as LCD screens. Additionally, its reactive functional groups enable its use in the preparation of polymers and coatings with specific optical or mechanical properties. In medicinal chemistry, it serves as a precursor for designing drug candidates, particularly in the creation of molecules targeting inflammation or metabolic disorders. Its versatility also extends to biochemical research, where it is used as a probe or linker in the study of protein interactions and cellular processes.