Used primarily in organic synthesis, this compound serves as a building block for pharmaceuticals and agrochemicals. Its isocyanate group readily reacts with amines and alcohols, making it valuable for constructing ureas and urethanes. It is also employed in the preparation of specialty polymers and photoresists due to its aromatic and electron-rich structure. In research, it acts as an intermediate in the development of bioactive molecules, including potential drug candidates. Caution is required during handling due to its reactivity and potential toxicity.