Used as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and pharmaceuticals. It plays a key role in the synthesis of propargyl-containing molecules, which are important in the development of drugs targeting neurological disorders and antimicrobial agents. Its reactivity allows for easy incorporation into larger molecular frameworks through click chemistry and other coupling reactions. Also utilized in the production of agrochemicals and functional materials due to its ability to form complex structures under mild reaction conditions.