Used in organic synthesis as a versatile building block for creating complex molecules, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of compounds with alkyne functional groups, which are valuable in click chemistry reactions. Additionally, it is employed in the production of specialty chemicals and polymers, where its ester and alkyne functionalities enable modifications and cross-linking. Its stability and reactivity make it suitable for use in research and industrial applications requiring precise molecular design.