Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals, dyes, and pigments. Its nitro and aldehyde functional groups make it valuable for constructing complex molecules through reactions like condensation and reduction. In pharmaceutical research, it is employed to develop compounds with potential therapeutic properties, particularly in the synthesis of heterocyclic compounds. Additionally, it finds application in the preparation of agrochemicals and specialty chemicals, contributing to advancements in crop protection and material science.