Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in forming urea and carbamate derivatives. Its reactivity with amines and alcohols makes it valuable in creating active ingredients for herbicides and insecticides. It is also employed in the development of specialty polymers and functional materials where controlled cross-linking or specific molecular recognition is required. Due to its sensitivity to moisture, it is handled under anhydrous conditions in industrial processes.