Used primarily as a reagent in organic synthesis, it is valuable for introducing the isocyanate functional group into various compounds. This chemical is often employed in the preparation of ureas and carbamates, which are essential in the development of pharmaceuticals and agrochemicals. Its reactivity with amines and alcohols makes it a key intermediate in creating compounds with potential biological activity. Additionally, it is utilized in the synthesis of dyes and pigments, contributing to the production of colorants for industrial applications. Its role in polymer chemistry is also notable, as it aids in the modification of polymers to enhance their properties.