This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its internal alkyne, propargylic hydroxyl, and pyridin-2-yl groups make it a valuable intermediate and ligand in coordination chemistry, aiding in the development of catalysts and metal-organic frameworks. Additionally, it is used in materials science for the design of functionalized polymers. The propargylic alcohol functionality provides unique reactivity suitable for metal-catalyzed transformations and rearrangements.