Used in organic synthesis to create various heterocyclic compounds, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its isothiocyanate group reacts with amines to form thiourea derivatives, which are valuable in drug development. It is also employed in the synthesis of dyes and pigments due to its ability to form stable bonds with aromatic compounds. Additionally, it is utilized in research for studying enzyme inhibition and biochemical pathways.