Used primarily in the synthesis of various organic compounds, it serves as a key intermediate in the production of agrochemicals and pharmaceuticals. Its reactivity with amines and alcohols makes it valuable for creating ureas and carbamates, which are essential in developing herbicides, insecticides, and medicinal drugs. Additionally, it finds application in polymer chemistry, where it is utilized to modify and enhance the properties of certain polymers. Its role in research and development is significant, particularly in designing novel compounds with specific biological or chemical activities.