This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It is often employed in the development of pharmaceutical compounds, particularly in the creation of inhibitors and bioactive molecules. The ethynyl group in its structure makes it a valuable intermediate in click chemistry reactions, facilitating the formation of triazoles, which are crucial in drug discovery and material science. Additionally, it is used in the synthesis of polymers and advanced materials, where its reactivity allows for the incorporation of specific functional groups to enhance material properties. Its applications also extend to research in medicinal chemistry, where it aids in the study of enzyme interactions and the development of targeted therapies.