Used primarily in organic synthesis, this compound serves as a versatile intermediate for the preparation of various heterocyclic compounds. Its isocyanate and nitrile functional groups make it valuable in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it is employed in the synthesis of agrochemicals, contributing to the production of pesticides and herbicides that enhance crop protection. The compound's reactivity also makes it useful in material science, where it aids in the development of advanced polymers and coatings with specialized properties. Its role in cross-coupling reactions further expands its utility in creating complex organic molecules for research and industrial applications.