Used primarily in biochemical research, this compound is a key reagent for labeling and modifying proteins and peptides. It reacts with amino groups, making it valuable in the study of protein structure and function. It is also employed in the synthesis of fluorescent dyes, which are utilized in imaging and diagnostic applications. Additionally, it serves as an intermediate in the production of pharmaceuticals and agrochemicals, contributing to the development of new therapeutic agents and crop protection products. Its role in organic synthesis extends to creating complex molecules for various industrial and scientific purposes.