This compound is primarily used in organic synthesis as a versatile building block for creating more complex molecules. Its trimethylsilyl group acts as a protective group for the alkyne functionality, allowing selective reactions to occur at other sites of the molecule. It is often employed in the preparation of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the synthesis of natural products and bioactive compounds, where its alkyne and alcohol functionalities can be further modified to introduce specific structural features. Its stability and reactivity make it a valuable tool in cross-coupling reactions and click chemistry applications.