Used primarily in organic synthesis, this compound serves as a versatile intermediate for the preparation of various biologically active molecules. It is particularly valuable in the development of pharmaceuticals, where it aids in the creation of compounds with potential therapeutic effects. Additionally, it is employed in the synthesis of agrochemicals, contributing to the production of pesticides and herbicides. Its isothiocyanate group makes it a useful building block in the formation of thiourea derivatives, which are significant in medicinal chemistry and material science.