This compound is primarily utilized in organic synthesis as a building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its nitro group makes it a valuable precursor in reactions involving reduction or further functionalization, enabling the creation of complex molecules. Additionally, it is employed in research settings for studying enzyme inhibitors and receptor ligands, contributing to advancements in medicinal chemistry. Its stability and reactivity make it a useful reagent in laboratory-scale experiments and industrial applications.