This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. Its structure, featuring methoxy and nitro groups, makes it valuable in the development of dyes and pigments, particularly in the textile industry. Additionally, it serves as a precursor in the synthesis of pharmaceuticals, where its nitro group can be reduced to form amines, which are crucial in drug development. The compound is also employed in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its stability and reactivity make it a versatile building block in various chemical processes.