This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. It is often employed in the development of pharmaceutical compounds, particularly in the synthesis of active pharmaceutical ingredients (APIs) due to its reactive ethynyl and carboxylic acid functional groups. Additionally, it serves as a key intermediate in the preparation of agrochemicals, where its structural features contribute to the design of herbicides and pesticides. The compound is also explored in material science for the development of advanced polymers and coatings, leveraging its ability to participate in coupling reactions and form robust chemical linkages. Its unique structure makes it valuable in research settings for studying reaction mechanisms and developing novel synthetic pathways.