This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its ethynyl group makes it a valuable intermediate in click chemistry, particularly in the formation of triazoles through copper-catalyzed azide-alkyne cycloaddition reactions. Additionally, it is used in the development of pharmaceuticals and agrochemicals, where its benzoic acid moiety can contribute to the biological activity of the final product. The compound is also employed in material science for the creation of polymers and advanced materials with specific electronic or mechanical properties.