Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its nitro and ethynyl groups make it a versatile building block for creating complex molecules, particularly in the development of drugs targeting specific biological pathways. Additionally, it finds application in the synthesis of dyes and pigments, where its structure contributes to the stability and color properties of the final product. In research, it is utilized in studies involving click chemistry due to its reactive alkyne group, enabling efficient and selective reactions.