This chemical is primarily used in the synthesis of organic compounds, particularly in the development of specialty chemicals and polymers. Its structure, featuring both a hydroxyl group and a propargyl ether group, makes it a versatile intermediate in click chemistry reactions, such as the copper-catalyzed azide-alkyne cycloaddition (CuAAC). These reactions are widely applied in the creation of biocompatible materials, drug delivery systems, and surface modifications. Additionally, it serves as a building block in the production of surfactants and lubricants, where its long hydrocarbon chain contributes to desirable properties like stability and solubility. In research, it is utilized to study molecular interactions and to design functional materials with tailored properties.