Widely utilized in organic synthesis, it serves as a key intermediate for constructing complex molecules, particularly in click chemistry reactions due to its alkyne functional group. Its amphiphilic nature makes it suitable for surface modification and the development of self-assembled monolayers, enhancing material properties. In biomedical research, it is employed for labeling and tracking biomolecules, aiding in the study of cellular processes. Additionally, it finds applications in the creation of advanced polymers and coatings, improving durability and performance. Its versatility also extends to the development of drug delivery systems, where it facilitates targeted and controlled release of therapeutic agents.