Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of molecules with potential therapeutic effects. Its ethynyl group allows for versatile chemical reactions, such as click chemistry, enabling the formation of complex structures. It is also employed in the design of bioactive compounds and materials for drug discovery, often targeting neurological or psychiatric disorders. Additionally, it may be utilized in the preparation of polymers or coatings with specialized properties.