This compound is primarily utilized in the field of medicinal chemistry as a precursor or intermediate in the synthesis of pharmaceutical agents. Its structure, featuring a propargyl ester group, makes it a valuable building block for developing compounds with potential neurological or pharmacological activity. It is often employed in research focused on creating molecules that interact with nicotinic acetylcholine receptors, which are significant targets for treating conditions like Alzheimer's disease, Parkinson's disease, and other neurodegenerative disorders. Additionally, its unique chemical properties allow it to be used in the development of novel drugs aimed at modulating neurotransmitter systems, potentially offering therapeutic benefits for cognitive and motor function impairments.