Used in organic synthesis, this compound serves as a versatile building block for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its isocyano group allows for the formation of various heterocyclic structures, which are often key components in drug discovery. Additionally, it is employed in the preparation of ligands for catalytic systems, enhancing the efficiency of chemical reactions. Its unique structure also makes it valuable in material science for designing novel polymers and coatings with specific properties.