Used in organic synthesis as a derivatizing agent for amines and amino acids due to the reactivity of the isothiocyanate group. The compound enables the formation of thiourea derivatives, which are useful in analytical chemistry for identification and separation of biomolecules. Also employed in the development of fluorescent probes and sensors, where the acetyl group can be further modified to introduce reporter molecules. Its aromatic structure and functional groups make it suitable for use in the synthesis of pharmaceutical intermediates and agrochemicals. Additionally, it serves as a building block in the preparation of heterocyclic compounds with potential biological activity.