Used in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) that target specific diseases. It serves as a key intermediate in the production of agrochemicals, including pesticides and herbicides, enhancing their efficacy and stability. Additionally, it is employed in the manufacture of specialty polymers and coatings, where it imparts desirable properties such as durability and chemical resistance. Its reactivity with amines and alcohols makes it valuable in creating urethane and urea derivatives, which are essential in various industrial applications.