Used primarily in the synthesis of pharmaceuticals, this compound serves as an intermediate in the production of various drugs, particularly those with antibacterial and antifungal properties. It is also employed in research settings for studying nitroaromatic compounds and their biological activities. Additionally, it finds application in the development of dyes and pigments due to its nitro group, which contributes to color formation. In organic chemistry, it is utilized in reactions involving amide and hydroxyl functional groups, making it valuable for creating complex molecules.