This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of herbicides, pesticides, and fungicides. Its nitro and ester functional groups make it a versatile reagent in various chemical reactions, including reduction and substitution processes. Researchers also use it in the development of dyes and pigments due to its ability to modify color properties in chemical structures. Its role in material science includes the synthesis of advanced polymers and coatings, enhancing their performance and durability.