Used primarily as a specialty intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and pharmaceuticals. Its isocyanide group participates in multicomponent reactions such as the Ugi and Passerini reactions, enabling efficient construction of complex molecules. It is also employed in the development of agrochemicals and functional materials due to its ability to introduce aromatic and isocyanide functionalities into larger structures. The compound’s reactivity makes it valuable in research settings for generating libraries of compounds in drug discovery programs.