Used primarily as an intermediate in the synthesis of dyes and pigments, this compound plays a key role in the development of high-performance colorants for textiles and industrial coatings. Its functional groups allow for further chemical modifications, making it valuable in the production of specialty chemicals and energetic materials. Additionally, it serves as a precursor in the preparation of certain polymers and cross-linking agents, where its nitro groups contribute to thermal stability and reactivity. Limited solubility in water but good solubility in polar organic solvents makes it suitable for use in controlled reaction environments.