Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various chemicals, including pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of carbamate pesticides, which are widely used in agriculture to protect crops from pests. Additionally, it plays a role in the development of certain polymers and specialty chemicals, where its reactive isocyanate group facilitates the creation of complex molecular structures. Due to its high reactivity, it is handled with extreme care in controlled environments to ensure safety.