Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in forming urethane and urea derivatives due to its reactive isocyanate group. Its structure allows for selective reactions in the development of herbicides and plant growth regulators. It is also employed in the production of specialty polymers and resins where controlled cross-linking is required. Due to its sensitivity to moisture, it is handled under anhydrous conditions in industrial processes.