Used primarily in organic synthesis, it serves as a key intermediate for producing various pharmaceuticals, agrochemicals, and specialty chemicals. Its isocyanate group reacts with amines, alcohols, and other nucleophiles to form ureas, carbamates, and other derivatives, which are essential in drug development. It is also employed in the creation of advanced materials, such as polymers and coatings, due to its ability to introduce methoxy-functionalized phenyl groups into molecular structures. Additionally, it finds application in research and development for designing compounds with specific biological or physical properties.