Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for complex molecules due to its functional alcohol and alkyne groups. Commonly employed in the preparation of surfactants and wetting agents, especially in industrial cleaning products and coatings. Also utilized in electroplating processes to improve surface finish and brightness of metal deposits. Its ability to stabilize reactions makes it valuable in catalyst systems and polymerization processes.