Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in the development of crop protection agents due to its reactivity in forming urea and carbamate derivatives. Its selective functionalization allows for the construction of complex molecules in medicinal chemistry, particularly in the design of bioactive compounds. The isocyanate group readily reacts with amines and alcohols, making it valuable in creating custom intermediates for drug discovery and plant growth regulators.