Phenyl isocyanate is used to react with 1,3-butanediol at different temperatures. Toluene is used as solvent and 1,4-diazabicyclo[2,2,2]octane is used as catalyst. In-situ FT-IR is used to monitor the reaction to work out rate constant, Arrhenius equation and Eyring equation. The urethane reaction has been found to be a second order reaction, and the rate constant seems different between initial stage and final stage. The activation energy (Ea), activation enthalpy (ΔH) and activation entropy (ΔS) for the urethane reaction of primary hydroxyl group are calculated out, which are 26.4 kJ•mol-1, 23.6 kJ•mol-1and -186.6 J•mol-1•k-1, respectively. They are very useful to reveal the reaction mechanism.