This chemical is primarily utilized in organic synthesis as a building block for more complex molecules. It is often employed in the preparation of pharmaceuticals, where its structure can be modified to create compounds with potential therapeutic effects. Additionally, it serves as an intermediate in the development of specialty chemicals, including those used in materials science and agrochemical research. Its unique structure, featuring both a phenyl group and an internal alkyne, makes it a versatile reagent in various synthetic transformations, such as alkyne functionalizations and cross-coupling reactions, which are essential for constructing carbon-carbon bonds and modifying molecular properties. Furthermore, it is explored in the synthesis of liquid crystals, polymers, and other advanced materials due to its ability to influence molecular alignment and properties.