This chemical is primarily utilized in organic synthesis as a versatile building block for creating more complex molecules. Its structure, featuring both an alkyne and a hydroxyl group, makes it suitable for click chemistry reactions, particularly the copper-catalyzed azide-alkyne cycloaddition (CuAAC). This reaction is widely employed in drug discovery, bioconjugation, and materials science to link molecules efficiently. Additionally, it can be used in the development of polymers and coatings, where the alkyne group allows for cross-linking or functionalization. Its application extends to the synthesis of specialty chemicals and intermediates in pharmaceuticals, where its reactive groups enable tailored modifications for specific uses.