Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its isothiocyanate group enables it to act as a reactive site for forming bonds with amines, making it valuable in the development of biologically active molecules. Additionally, it is utilized in the synthesis of dyes and pigments due to its aromatic structure, which can enhance color stability and intensity. In research, it is employed as a building block for creating complex organic compounds, particularly in studies involving chemical biology and drug discovery.