Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays a role in the production of certain pesticides, particularly carbamate-based insecticides, due to its ability to inhibit acetylcholinesterase in target pests. Also utilized in research settings for the development of new bioactive compounds, including potential medicinal agents targeting neurological pathways. Its reactivity makes it valuable in forming more complex urethane derivatives in organic synthesis.