This chemical is primarily utilized in organic synthesis as a building block for the development of more complex molecules. Its ethynyl group makes it a valuable intermediate in click chemistry reactions, particularly in the formation of triazoles, which are important in pharmaceutical research and material science. Additionally, the methoxy group enhances its reactivity and selectivity in various coupling reactions, such as Sonogashira and Suzuki couplings, which are widely used in the synthesis of biologically active compounds and advanced materials. Its applications extend to the development of ligands for catalysis and the creation of novel polymers with specific electronic or optical properties.