Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and cardiovascular disorders. It is also employed in the development of agrochemicals, aiding in the creation of pesticides and herbicides with enhanced efficacy. Additionally, its reactivity makes it valuable in polymer chemistry, where it is utilized to modify and improve the properties of resins and coatings. Its applications extend to research settings, where it is used to study isocyanate reactions and develop novel chemical entities.