Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and hydroxyl groups make it a versatile building block for constructing complex molecules, particularly in the development of drugs targeting specific biological pathways. Additionally, it finds application in the synthesis of dyes and pigments due to its ability to form stable, colored compounds. Researchers also utilize it in the study of nitroaromatic compounds, which are important in understanding environmental pollutants and their degradation processes.