This chemical is primarily used in organic synthesis and research applications. It serves as a building block for creating more complex molecules, particularly in the development of surfactants and specialty chemicals. Its structure, featuring both an alkyne and a hydroxyl group, makes it useful in reactions like click chemistry and polymerization processes. Additionally, it finds applications in the study of lipid analogs and as a precursor in the synthesis of bioactive compounds for pharmaceutical and material science research. Its unique properties also make it relevant in the development of coatings, adhesives, and other industrial materials.