Used primarily as a reactive intermediate in organic synthesis, this compound enables the formation of urethane and urea linkages due to its isocyanate functional group. It is especially valuable in the preparation of specialty polymers and polyurethanes with tailored properties, such as improved flexibility and adhesion. Its ester functionality allows further chemical modifications, making it useful in crosslinking agents for coatings, adhesives, and elastomers. It also finds use in pharmaceutical research for constructing complex molecules where controlled reactivity is required. Due to its sensitivity to moisture, it is handled under anhydrous conditions to maintain reactivity.