Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its isothiocyanate group is highly reactive, making it valuable for creating thiourea derivatives, which are often utilized in drug development for their biological activity. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the coloration of materials in industrial processes. Its role in research includes studying enzyme inhibition and receptor interactions, aiding in the discovery of new therapeutic agents.