Used primarily as a reagent in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of carbonates and carbamates, which are essential in drug development. Additionally, it is employed in the preparation of polymers and resins, where it acts as a cross-linking agent to enhance material properties. Its role in the creation of high-performance coatings and adhesives is also noteworthy, contributing to durability and stability in industrial applications.