Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its reactivity with amines and alcohols makes it valuable for creating urethane and urea derivatives, which are essential in drug development. Additionally, it is utilized in the synthesis of specialty polymers and coatings, enhancing their durability and performance. In research, it is employed to modify peptides and proteins, aiding in the study of biochemical processes. Its applications also extend to the creation of advanced materials with tailored properties for industrial use.