This chemical is primarily used in organic synthesis as a building block for more complex molecules. Its triethylsilyl group serves as a protective group for alkynes, allowing selective reactions to occur at other sites of the molecule. The hydroxyl group at the end of the chain makes it useful for further functionalization, such as esterification or etherification. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its alkyne functionality makes it valuable in click chemistry reactions, particularly in the formation of triazoles, which are important in drug discovery and material science.