Primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical compounds. It serves as a building block in the creation of pharmaceuticals, particularly in the synthesis of drugs targeting various diseases. Its structure is beneficial in the formation of triazole derivatives, which are known for their biological activity and potential therapeutic applications. Additionally, it is employed in material science for the development of advanced polymers and coatings, where its functional group enhances the properties of the final product. Its role in click chemistry is also notable, facilitating efficient and selective reactions for the assembly of molecular architectures.