Used primarily as a reagent in organic synthesis, this compound serves as a source of cyanamide equivalents in the preparation of heterocyclic compounds. It is employed in the conversion of carboxylic acids to amides and nitriles, making it valuable in pharmaceutical synthesis. It also facilitates the formation of guanidine derivatives, which are important in the development of agrochemicals, dyes, and bioactive molecules. Due to its reactivity, it enables efficient functional group transformations under mild conditions.